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Quote by Kenneth E. Boulding

“The process of consumption is the final act in the economic drama.”

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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

“[Even the mechanism can be endowed with an image. Thus] the thermostat has an image of the outside world in the shape of information regarding its temperature. It has also a value system in the sense of the ideal temperature at which it is set. Its behavior is directed towards the receipt of information which will bring its image and its value systems together.”

World Together Values Information Shapes Behavior Ideals Mechanism Temperature Outside World Value Systems Receipts

Author:Kenneth E. Boulding

“Because of his capacity for abstract communications and language and his ability to enter in imagination into the lives of others, man is able to build organizations of a size and complexity far beyond those of the lower animals.”

Men Able Language Imagination Ability Animal Communication Capacity Organization Size Abstract Complexity Lives Of Others

Author:Kenneth E. Boulding

“Justification, in terms of the broadening of freedom, for any particular form of institution of property must be argued in terms of whether the losses caused by the restrictions imposed are greater or less than the gains derived from the elimination of costly conflict.”

Form Term Loss Greater Particular Conflict Gains Institutions Property Justification Restriction Elimination

Author:Kenneth E. Boulding

“Private property is a means, and neither its abolition nor its unrestricted right should be an end in itself.”

Should Mean Ends Property Private Property Abolition

Author:Kenneth E. Boulding

“There are, of course, a number of epistemological questions, some of which lie more in the province of the philosopher than they do the economist or the social scientist. The one with which I am particularly concerned here is that of the role of knowledge in social systems, both as a product of the past and as a determinant of the future.”

Past Lying Courses Social Numbers Roles Products Concerned Scientist Philosopher Economist Provinces Social Systems

Author:Kenneth E. Boulding

“It is absurd to suppose we can think of nature as a system apart from knowledge, for it is knowledge that is increasingly determining the course of nature.”

Thinking Courses Absurd

Author:Kenneth E. Boulding

Quote by Kenneth E. Boulding

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