Quote

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

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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
Freedom
Property
Losses
Less
Conflict
Restriction
Form
Terms
Imposed
Broadening
Must
Loss
Justification
Costly
Particular
Institution
Restrictions
Term
Caused
Argued
Greater
Gains
Elimination
Whether
Institutions
Derived

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Economists are like computers. They need to have facts punched into them.
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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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If we saw tomorrow's newspaper today, tomorrow would never happen.
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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.
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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.
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In any evolutionary process, even in the arts, the search for novelty becomes corrupting.
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[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.
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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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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.
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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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The organization of science into disciplines sets up a series of ghettos with remarkable distances of artificial social space between them.
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Nothing fails like success because we don't learn from it. We learn only from failure.
Kenneth E. Boulding
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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? ... Does man have any responsibility for the preservation of a decent balance in nature, for the preservation of rare species, or even for the indefinite continuance of his race?
Kenneth E. Boulding
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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
Kenneth E. Boulding
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A world of unseen dictatorship is conceivable, still using the forms of democratic government.
Kenneth E. Boulding
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The concept of a value-free science is absurd.
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.
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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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Physicists only talk to physicists, economists to economists-worse still, nuclear physicists only talk to nuclear physicists and econometricians to econometricians. One wonders sometimes if science will not grind to a stop in an assemblage of walled-in hermits, each mumbling to himself words in a private language that only he can understand.
Kenneth E. Boulding
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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.
Kenneth E. Boulding