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Quote by Kenneth E. Boulding

“Thus we seem to be on the verge of an expansion of welfare economics into something like a social science of ethics and politics: what was intended to be a mere porch to ethics is either the whole house or nothing at all. In so laying down its life welfare economics may be able to contribute some of its insights and analytical methods to a much broader evaluative analysis of the whole social process.”

Quote by Kenneth E. Boulding

Author

Kenneth E. Boulding

Kenneth E. Boulding was a renowned economist, born on January 18, 1910, and passed away on March 18, 1993. His research in economics covered a wide range of fields, particularly in general systems theory, conflict theory, and peace studies. more

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“Almost every organization... exhibits two faces a smiling face which it turns toward its members and a frowning face which it turns to the world outside.”

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“The ability to work with systems of general equilibrium is perhaps one of the most important skills of the economist - a skill which he shares with many other scientists, but in which he has perhaps a certain comparative advantage.”

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“It is clear that the building of models is not a purely mechanical process but requires skill of a high order - not merely mathematical skill but a sensitivity to the relative importance of different factors and a critical, almost an artistic, faculty in the selection of behaviour equations which are reasonable, tentative hypotheses in explaining the behaviour of actual economies.”

“One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes.”

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“Conflict may be defined as a situation of competition in which the parties are aware of the incompatibility of potential future positions, and in which each party wishes to occupy a position that is incompatible with the wishes of the other.”

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“[The loss-of-strength gradient is] the degree to which military and political power diminishes as we move a unit distance away from its home base.”

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“Every culture, or subculture, is defined by a set of common values, that is, generally agreed upon preferences. Without a core of common values a culture cannot exist, and we classify society into cultures and subcultures precisely because it is possible to identify groups who have common values.”

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