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Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.
Kenneth E. Boulding
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Kenneth E. Boulding
Age: 83 †
Born: 1910
Born: January 18
Died: 1993
Died: March 18
Author
Economist
Philosopher
Poet
University Teacher
City of Liverpool
Kenneth Ewart Boulding
Anyone
Believes
Believe
Mad
World
Economics
Exponential
Population
Overpopulation
Growth
Madman
Fun
Madmen
Either
Economist
Forever
Finite
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Know this: though love is weak and hate is strong, Yet hate is short, and love is very long.
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We never like to admit to ourselves that we have made a mistake. Organizational structures tend to accentuate this source of failure of information.
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Are we to regard the world of nature simply as a storehouse to be robbed for the immediate benefit of man?
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In calling society an ecological system we are not merely using an analogy society is an example of the general concept of an ecosystem that is, an ecological system of which biological systems - forests, fields, swamps - are other examples.
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The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital in the occupation in question that is, at the rate which the entrepreneur could obtain in other investments
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[In science any model depends on a pre-chosen taxonomy] a set of classifications into which we divide the enormous complexity of the real world... Land, labor, and capital are extremely heterogeneous aggregates, not much better than earth, air, fire, and water.
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Mathematics brought rigor to Economics. Unfortunately, it also brought mortis.
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The evolutionary vision is agnostic in regard to systems in the universe of greater complexity than those of which human beings have clear knowledge.
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Where there is hypocrisy, there is hope.
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The concept of a value-free science is absurd.
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The economy of the future might be called the spaceman economy, in which the earth has become a single spaceship, without unlimited reservoirs of anything.
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[The consumer is] the supreme mover of economic order... for whom all goods are made and towards whom all economic activity is directed.
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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.
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There is a quiet, open place in the depths of the mind, to which we can go many times in the day and lift up our soul in praise, thankfulness and conscious unity. With practise this God-ward turn of the mind becomes an almost constant direction, underlying all our other activities.
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Economists are like computers. They need to have facts punched into them.
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