Economics Quote by Kenneth E. Boulding

“Economics, we learn in the history of thought, only became a science by escaping from the casuistry and moralizing of medieval thought.” quote by Kenneth E. Boulding — Download Open image

“Economics, we learn in the history of thought, only became a science by escaping from the casuistry and moralizing of medieval thought.”

Kenneth E. Boulding

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Economics Education Escaping History Medieval Moralizing Science

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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...…

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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It is clear that the building of models is not a purely mechanical process but requires skill of a high order - not merely mathematical skill but a sensitivity to the relative importance of different factors and a critical, almost an artistic, faculty in the selection of behaviour equations which are reasonable, tentative hypotheses in explaining the behaviour of actual…

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…

Kenneth E. Boulding

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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…

Kenneth E. Boulding

Humble, honest, ignorance is one of the finest flowers of the human spirit

Kenneth E. Boulding

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[The question for the behavioral disciplines is simply] what is better, and how do we get there?

Kenneth E. Boulding

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[Even the mechanism can be endowed with an image. Thus] the thermostat has an image of the outside world in the shape of information…

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…

Kenneth E. Boulding

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The world moves into the future as a result of decisions, not as a result of plans. Plans are significant only insofar as they…

Kenneth E. Boulding

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Mathematicians themselves set up standards of generality and elegance in their exposition which are a bar to understand.

Kenneth E. Boulding

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The concept of need is often looked upon rather unfavorably by economists, in contrast with the concept of demand. Both, however, have their own strengths and weaknesses. The need concept is criticized as being too mechanical, as denying the autonomy and individuality of the human person, and as implying that the human being is a machine which "needs" fuel in…

Kenneth E. Boulding

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Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.

Rupert Murdoch

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Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

Alan Greenspan

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Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…

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Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned from the '30s, it is a lesson we learned post-World War II, and it plays to our strengths.

Charles Boustany

“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the standard of living and level of awareness of life’s pleasures and luxuries available to the educated and new middle classes, in all countries liberated from the “intelligent design” of totalitarian or semi-totalitarian governments that purported to…

Yaakov Malkin

“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality of the categories and concepts employed by that science, is, in fact, the paradoxical product of a long collective history, endlessly reproduced in individual histories, which can be fully accounted for only by historical analysis: it…

Pierre Bourdieu

Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…

Kevin Rudd

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Having an economy that works for the 99% is achievable.

Winnie Byanyima

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“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,…

Michael C. Mankins

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The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those…

Friedrich August von Hayek

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The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.

Frederic Bastiat

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“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are artificial institutions, those of the bourgeoisie are natural institutions. In this, they resemble the theologians, who likewise establish two kinds of religion. Every religion which is not theirs is an invention of men, while their own…

Karl Marx

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Economics Quote by Kenneth E. Boulding

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