Economic Quote by Kenneth E. Boulding
“There is no such thing as economics, only social science applied to economic problems.”
About This Quote
Source Book: General Systems Theory, 1968
Economics is a subset of social science, focusing on human behavior in markets.
In simple terms: Economics is social science applied to money matters.
Key Takeaway
Study economics as a social discipline.
Themes
economics
social science
interdisciplinary
Mood
analytical
critical
Type
academic
theoretical
When to use this quote
- policy analysis
- market research
- public planning
Key Concepts
systems theory
human behavior
Questions to Reflect On
- How does social context shape economic outcomes?
- Can pure economics ever be value‑free?
A Different Perspective
Economic models can ignore cultural nuance.
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