Kenneth E. Boulding Quotes About Economy
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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 economies.
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The economy of the future might be called the "spaceman economy," in which the earth has become a single spaceship, without unlimited reservoirs of anything.
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With laissez-faire and price atomic, ecology's uneconomic, But with another kind of logic economy's unecologic.
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The illusion that consumption - and its correlative, income - is desirable probably stems from too great preoccupation with what Knight calls "one-use goods," such as food and fuel, where the utilization and consumption of the good are tightly bound together in a single act or event. ... any economy in the consumption of fuel that enables us to maintain warmth or to generate power with lessened consumption again leaves us better off. ... there is no great value in consumption itself.
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