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[There will be movement toward] behavioral economics... [which] involves study of those aspects of men's images, or cognitive and affective structures that are more relevant to economic decisions.

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
Men
Decisions
Behavioral
Structure
Cognitive
Aspect
Structures
Toward
Involves
Movement
Aspects
Study
Relevant
Economic
Images
Decision
Economics
Affective

More quotes by Kenneth E. Boulding

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Private property is a means, and neither its abolition nor its unrestricted right should be an end in itself.
Kenneth E. Boulding
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One advantage of exhibiting a hierarchy of systems in this way is that it gives us some idea of the present gaps in both theoretical and empirical knowledge. Adequate theoretical models extend up to about the fourth level, and not much beyond. Empirical knowledge is deficient at practically all levels.
Kenneth E. Boulding
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[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
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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.
Kenneth E. Boulding
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The controversy as to whether socialism is possible has been settled by the fact that it exists, and it is a fundamental axiom of my philosophy, at any rate, that anything that exists, is possible.
Kenneth E. Boulding
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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
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The most fundamental form of integrative power is the power of love.
Kenneth E. Boulding
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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.
Kenneth E. Boulding
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If a totally new image is to come into being however, there must be sensitivity to internal messages, the image itself must be sensitive to change, must be unstable, and it must include a value image which places high value on trials, experiments, and the trying of new things.
Kenneth E. Boulding
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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
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The right to have children should be a marketable commodity, bought and traded by individuals but absolutely limited by the state.
Kenneth E. Boulding
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Mathematics brought rigor to Economics. Unfortunately, it also brought mortis.
Kenneth E. Boulding
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The organization of science into disciplines sets up a series of ghettos with remarkable distances of artificial social space between them.
Kenneth E. Boulding
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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
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Where there is hypocrisy, there is hope.
Kenneth E. Boulding
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In any evolutionary process, even in the arts, the search for novelty becomes corrupting.
Kenneth E. Boulding
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Humble, honest, ignorance is one of the finest flowers of the human spirit
Kenneth E. Boulding
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Economists and technologists bring the bits, but it requires the social scientists and humanists to bring the wits.
Kenneth E. Boulding
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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.
Kenneth E. Boulding
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The future is bound to surprise us, but we don't have to be dumbfounded.
Kenneth E. Boulding