Kenneth E. Boulding

Quotes

• “The greater the penalties laid on sellers in the ... the higher the black market price.”
• “Conventions of generality and mathematical elegance may be just as much barriers to the attainment and diffusion of knowledge as may contentment with particularity and literary vagueness... It may well be that the slovenly and literary borderland between economics and sociology will be the most fruitful building ground during the years to come and that mathematical economics will remain too flawless in its perfection to be very fruitful.”
• “A distinguished economist, on being asked to define the subject matter of his science, once replied, "Economics is what economists do."”
• “Thus we seem to be on the verge of an expansion of welfare economics into something like a social science of ethics and politics: what was intended to be a mere porch to ethics is either the whole house or nothing at all. In so laying down its life welfare economics may be able to contribute some of its insights and analytical methods to a much broader evaluative analysis of the whole social process.”
• “[In this we may expect the article to be sold to] "the most eager buyer at a price which is just about the highest he is willing to pay, for in this case the most eager buyer does not know what prices the other buyers are willing to give [and] … each buyer fear that someone may slip in ahead of him.”
• “Mathematicians themselves set up standards of generality and elegance in their exposition which are a bar to understand.”

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