--- title: "12 Economic Quotes By Kenneth E. Boulding" description: "12 Economic quotes by Kenneth E. Boulding. Plus more from Kenneth E. Boulding and more Economic sayings from other authors." image: "https://sms4smile.com/quotes/i/1c0/kenneth-e-boulding-3728_canada_canada-has-no-cultural-unity-no-linguist_2015917.png" --- > [Canada has no cultural unity, no linguistic unity, no religious unity, no economic unity, no geographic unity. All it has is unity.](https://sms4smile.com/quotes/kenneth-e-boulding/canada-has-no-cultural-unity-no-linguistic-unity-no-religious-unity/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/1c0/kenneth-e-boulding-3728_canada_canada-has-no-cultural-unity-no-linguist_2015917.png) > [The process of consumption is the final act in the economic drama.](https://sms4smile.com/quotes/kenneth-e-boulding/the-process-of-consumption-is-the-final-act-in-the-economic-drama/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/22a/kenneth-e-boulding-3728_consumption_the-process-of-consumption-is-the-final_2524658.png) > [There is no such thing as economics, only social science applied to economic problems.](https://sms4smile.com/quotes/kenneth-e-boulding/there-is-no-such-thing-as-economics-only-social-science-applied-to/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/ac5/kenneth-e-boulding-3728_economic_there-is-no-such-thing-as-economics-only_1986281.png) > [Production functions involving only land, labor and capital... never work and never explain economic development.](https://sms4smile.com/quotes/kenneth-e-boulding/production-functions-involving-only-land-labor-and-capital-never-work/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/c66/kenneth-e-boulding-3728_development_production-functions-involving-only-land_2177424.png) > [I have been gradually coming under the conviction, disturbing for a professional theorist, that there is no such thing as economics -…](https://sms4smile.com/quotes/kenneth-e-boulding/i-have-been-gradually-coming-under-the-conviction-disturbing-for-a/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/2fc/kenneth-e-boulding-3728_conviction_i-have-been-gradually-coming-under-the-c_3067282.jpg) > [Economic problems have no sharp edges. They shade off imperceptibly into politics, sociology, and ethics. Indeed, it is hardly an exaggeration to…](https://sms4smile.com/quotes/kenneth-e-boulding/economic-problems-have-no-sharp-edges-they-shade-off-imperceptibly/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/c3a/kenneth-e-boulding-3728_answers_economic-problems-have-no-sharp-edges-th_393074.png) > [ \[There will be movement toward\] behavioral economics... \[which\] involves study of those aspects of men's images, or cognitive and affective structures that… ](https://sms4smile.com/quotes/kenneth-e-boulding/there-will-be-movement-toward-behavioral-economics-which-involves/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/f32/kenneth-e-boulding-3728_aspect_there-will-be-movement-toward-behavioral_842854.png) > [ \[The consumer is\] the supreme mover of economic order... for whom all goods are made and towards whom all economic activity is… ](https://sms4smile.com/quotes/kenneth-e-boulding/the-consumer-is-the-supreme-mover-of-economic-order-for-whom-all/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/9cf/kenneth-e-boulding-3728_activity_the-consumer-is-the-supreme-mover-of-eco_3186163.png) > [Without the heroic, man has no meaning; without the economic, he has no sense. Economic man is most likely to be economic…](https://sms4smile.com/quotes/kenneth-e-boulding/without-the-heroic-man-has-no-meaning-without-the-economic-he-has-no/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/d6b/kenneth-e-boulding-3728_action_without-the-heroic-man-has-no-meaning-wi_1906795.png) > [Economic progress means the discovery and application of better ways of doing things to satisfy our wants. The piping of water to…](https://sms4smile.com/quotes/kenneth-e-boulding/economic-progress-means-the-discovery-and-application-of-better-ways/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/154/kenneth-e-boulding-3728_application_economic-progress-means-the-discovery-an_1546955.png) > [In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it…](https://sms4smile.com/quotes/kenneth-e-boulding/in-view-of-the-importance-of-philanthropy-in-our-society-it-is/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/8c6/kenneth-e-boulding-3728_attention_in-view-of-the-importance-of-philanthrop_263091.png) > [I shall argue that it is the capital stock from which we derive satisfaction, not from the additions to it (production) or…](https://sms4smile.com/quotes/kenneth-e-boulding/i-shall-argue-that-it-is-the-capital-stock-from-which-we-derive/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) [Image](https://sms4smile.com/quotes/i/6e1/kenneth-e-boulding-3728_activity_i-shall-argue-that-it-is-the-capital-sto_716272.png) ## Other authors on Economic ## More by Kenneth E. Boulding > [ \[In science any model depends on a pre-chosen taxonomy\] a set of classifications into which we divide the enormous complexity of the real world...… ](https://sms4smile.com/quotes/kenneth-e-boulding/in-science-any-model-depends-on-a-pre-chosen-taxonomy-a-set-of/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [If we saw tomorrow's newspaper today, tomorrow would never happen.](https://sms4smile.com/quotes/kenneth-e-boulding/if-we-saw-tomorrow-s-newspaper-today-tomorrow-would-never-happen/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [It is clear that the building of models is not a purely mechanical process but requires skill of a high order - not merely…](https://sms4smile.com/quotes/kenneth-e-boulding/it-is-clear-that-the-building-of-models-is-not-a-purely-mechanical/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [Even personal tastes are learned, in the matrix of a culture or a subculture in which we grow up, by very much the same…](https://sms4smile.com/quotes/kenneth-e-boulding/even-personal-tastes-are-learned-in-the-matrix-of-a-culture-or-a/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it by economic…](https://sms4smile.com/quotes/kenneth-e-boulding/in-view-of-the-importance-of-philanthropy-in-our-society-it-is/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [Humble, honest, ignorance is one of the finest flowers of the human spirit](https://sms4smile.com/quotes/kenneth-e-boulding/humble-honest-ignorance-is-one-of-the-finest-flowers-of-the-human/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [ \[The question for the behavioral disciplines is simply\] what is better, and how do we get there? ](https://sms4smile.com/quotes/kenneth-e-boulding/the-question-for-the-behavioral-disciplines-is-simply-what-is-better/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [ \[Even the mechanism can be endowed with an image. Thus\] the thermostat has an image of the outside world in the shape of information… ](https://sms4smile.com/quotes/kenneth-e-boulding/even-the-mechanism-can-be-endowed-with-an-image-thus-the-thermostat/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [Economic problems have no sharp edges. They shade off imperceptibly into politics, sociology, and ethics. Indeed, it is hardly an exaggeration to say that…](https://sms4smile.com/quotes/kenneth-e-boulding/economic-problems-have-no-sharp-edges-they-shade-off-imperceptibly/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [The world moves into the future as a result of decisions, not as a result of plans. Plans are significant only insofar as they…](https://sms4smile.com/quotes/kenneth-e-boulding/the-world-moves-into-the-future-as-a-result-of-decisions-not-as-a/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [Mathematicians themselves set up standards of generality and elegance in their exposition which are a bar to understand.](https://sms4smile.com/quotes/kenneth-e-boulding/mathematicians-themselves-set-up-standards-of-generality-and-elegance/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [The concept of need is often looked upon rather unfavorably by economists, in contrast with the concept of demand. Both, however, have their own…](https://sms4smile.com/quotes/kenneth-e-boulding/the-concept-of-need-is-often-looked-upon-rather-unfavorably-by/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [Conventions of generality and mathematical elegance may be just as much barriers to the attainment and diffusion of knowledge as may contentment with particularity…](https://sms4smile.com/quotes/kenneth-e-boulding/conventions-of-generality-and-mathematical-elegance-may-be-just-as/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [Nothing fails like success, because we do not learn anything from it. We only learn from failure, but we do not always learn the…](https://sms4smile.com/quotes/kenneth-e-boulding/nothing-fails-like-success-because-we-do-not-learn-anything-from-it/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) > [At the opposite pole from the gift is tribute - that is, a grant made out of fear and under threat. A threat is…](https://sms4smile.com/quotes/kenneth-e-boulding/at-the-opposite-pole-from-the-gift-is-tribute-that-is-a-grant-made/) [Kenneth E. Boulding](https://sms4smile.com/quotes/author/kenneth-e-boulding/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/economic/kenneth-e-boulding/#itemlist", "name": "12 Economic Quotes By Kenneth E. Boulding", "numberOfItems": 12, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "Canada has no cultural unity, no linguistic unity, no religious unity, no economic unity, no geographic unity. All it has is unity.", "creator": { "@type": "Person", "name": "Kenneth E. 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Boulding" }, "url": "https://sms4smile.com/quotes/kenneth-e-boulding/without-the-heroic-man-has-no-meaning-without-the-economic-he-has-no/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d6b/kenneth-e-boulding-3728_action_without-the-heroic-man-has-no-meaning-wi_1906795.png", "contentUrl": "https://sms4smile.com/quotes/i/d6b/kenneth-e-boulding-3728_action_without-the-heroic-man-has-no-meaning-wi_1906795.png", "url": "https://sms4smile.com/quotes/i/d6b/kenneth-e-boulding-3728_action_without-the-heroic-man-has-no-meaning-wi_1906795.png", "width": 1080, "height": 1080, "caption": "“Without the heroic, man has no meaning; without the economic, he has no sense. Economic man is most likely…” — Kenneth E. Boulding", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "Economic progress means the discovery and application of better ways of doing things to satisfy our wants. The piping of water to a household that previously dragged it from a well, the growing of two blades of grass where one grew before, the development of a power loom that enables one man to weave ten times as much as he could before, the use of steam power and electric power instead of horse or human power - all these things clearly represent economic progress.", "creator": { "@type": "Person", "name": "Kenneth E. 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Boulding", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it by economic or social theorists. In economic theory, especially, the subject is almost completely ignored. This is not, I think, because economists regard mankind as basically selfish or even because economic man is supposed to act only in his self-interest; it is rather because economics has essentially grown up around the phenomenon of exchange and its theoretical structure rests heavily on this process.", "creator": { "@type": "Person", "name": "Kenneth E. 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Boulding", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "I shall argue that it is the capital stock from which we derive satisfaction, not from the additions to it (production) or the subtractions from it (consumption): that consumption, far from being a desideratum, is a deplorable property of the capital stock which necessitates the equally deplorable activity of production: and that the objective of economic policy should not be to maximize consumption or production, but rather to minimize it, i.e. to enable us to maintain our capital stock with as little consumption or production as possible.", "creator": { "@type": "Person", "name": "Kenneth E. Boulding" }, "url": "https://sms4smile.com/quotes/kenneth-e-boulding/i-shall-argue-that-it-is-the-capital-stock-from-which-we-derive/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/6e1/kenneth-e-boulding-3728_activity_i-shall-argue-that-it-is-the-capital-sto_716272.png", "contentUrl": "https://sms4smile.com/quotes/i/6e1/kenneth-e-boulding-3728_activity_i-shall-argue-that-it-is-the-capital-sto_716272.png", "url": "https://sms4smile.com/quotes/i/6e1/kenneth-e-boulding-3728_activity_i-shall-argue-that-it-is-the-capital-sto_716272.png", "width": 1080, "height": 1080, "caption": "“I shall argue that it is the capital stock from which we derive satisfaction, not from the additions to it…” — Kenneth E. 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