Quote

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

Kenneth E. Boulding

Change background

T
T
T

Change font

TAGS & TOPICS

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
Time
Investment
Investments
Period
Obtain
Rate
Represents
Periods
Alternative
Cost
Occupation
Question
Alternatives
Discounting
Interest
Capital
Presumably
Done
Entrepreneur
Employing

More quotes by Kenneth E. Boulding

Image
Economic problems have no sharp edges. They shade off imperceptibly into politics, sociology, and ethics. Indeed, it is hardly an exaggeration to say that the ultimate answer to every economic problem lies in some other field.
Kenneth E. Boulding
Image
[The integrative system] deals with such matters as respect, legitimacy, community, friendship, affection, love, and of course their opposites, across a broad scale of human relationships and interactions.
Kenneth E. Boulding
Image
The perception of potential threats to survival may be much more important in determining behavior than the perceptions of potential profits, so that profit maximization is not really the driving force. It is fear of loss rather than hope of gain that limits our behavior.
Kenneth E. Boulding
Image
[The notion of equilibrium] is a notion which can be employed usefully in varying degrees of looseness. It is an absolutely indispensable part of the toolbag of the economist and one which he can often contribute usefully to other sciences which are occasionally apt to get lost in the trackless exfoliations of purely dynamic systems.
Kenneth E. Boulding
Image
What exists, is possible.
Kenneth E. Boulding
Image
Economists are like computers. They need to have facts punched into them.
Kenneth E. Boulding
Image
The organization of science into disciplines sets up a series of ghettos with remarkable distances of artificial social space between them.
Kenneth E. Boulding
Image
Are we to regard the world of nature simply as a storehouse to be robbed for the immediate benefit of man?
Kenneth E. Boulding
Image
Know this: though love is weak and hate is strong, Yet hate is short, and love is very long.
Kenneth E. Boulding
Image
Communication can only take place among equals.
Kenneth E. Boulding
Image
Mathematicians themselves set up standards of generality and elegance in their exposition which are a bar to understand.
Kenneth E. Boulding
Image
A world of unseen dictatorship is conceivable, still using the forms of democratic government.
Kenneth E. Boulding
Image
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.
Kenneth E. Boulding
Image
[The consumer is] the supreme mover of economic order... for whom all goods are made and towards whom all economic activity is directed.
Kenneth E. Boulding
Image
The World is a very complex system. It is easy to have too simple a view of it, and it is easy to do harm and to make things worse under the impulse to do good and make things better.
Kenneth E. Boulding
Image
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.
Kenneth E. Boulding
Image
The image of the frontier is probably one of the oldest images of mankind, and it is not surprising that we should find it hard to get rid of.
Kenneth E. Boulding
Image
Perhaps the most difficult ethical problem of the scientific community arises not so much from conflict with other subcultures as from its own success. Nothing fails like success because we don't learn from it. We learn only from failure.
Kenneth E. Boulding
Image
The future is bound to surprise us, but we don't have to be dumbfounded.
Kenneth E. Boulding
Image
If the society toward which we are developing is not to be a nightmare of exhaustion, we must use the interlude of the present era to develop a new technology which is based on a circular flow of materials such that the only sources of man's provisions will be his own waste products.
Kenneth E. Boulding