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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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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
Scientists
Requires
Scientist
Technologists
Bits
Humanists
Bring
Wits
Social
Economists
Economist
Wit

More quotes by 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 greater the penalties laid on sellers in the black market... the higher the black market price.
Kenneth E. Boulding
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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.
Kenneth E. Boulding
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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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Knowledge exists in minds, not in books. Before what has been found can be used by practitioners, someone must organize it, integrate it, extract the message.
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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Economists are like computers. They need to have facts punched into them.
Kenneth E. Boulding
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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
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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.
Kenneth E. Boulding
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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.
Kenneth E. Boulding
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Political conflict rests to a very large extent on a universal ignorance of consequences, as the people who are benefited by any particular act or policy are rarely those who struggled for it, and the people who are injured are rarely those who opposed it.
Kenneth E. Boulding
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Where there is hypocrisy, there is hope.
Kenneth E. Boulding
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[The historical] development in the international system may almost be defined as the process by which we pass from stable war to stable peace.
Kenneth E. Boulding
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With laissez-faire and price atomic, ecology's uneconomic, But with another kind of logic economy's unecologic.
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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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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If we saw tomorrow's newspaper today, tomorrow would never happen.
Kenneth E. Boulding
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The proposition that the meek (that is the adaptable and serviceable), inherit the earth is not merely a wishful sentiment of religion, but an iron law of evolution.
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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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