"Economics deals with the behavior of commodities rather than with the behavior of men."
A firm may be defined as an institution which buys things, transforms — Kenneth Boulding
"A firm may be defined as an institution which buys things, transforms them in some way, and then sells them with the purpose of making a profit. The things a firm buys we shall call "inputs." The things it sells we shall call "outputs." The process whereby the things it buys are transformed into the things it sells we shall call the "process of production." In any process of buying to sell again a process of production is always involved..."
Kenneth Ewart Boulding was an English-born American economist, educator, peace activist, and interdisciplinary philosopher. Boulding was the author of two citation classics: The Image: Knowledge in Life and Society (1956) and Conflict and Defense: A General Theory (1962). He was co-founder of general systems theory and founder of numerous ongoing intellectual projects in economics and social scien
Kenneth Ewart Boulding was an English-born American economist, educator, peace activist, and interdisciplinary philosopher. Boulding was the author of two citation classics: The Image: Knowledge in Life and Society (1956) and Conflict and Defense: A General Theory (1962). He was co-founder of general systems theory and founder of numerous ongoing intellectual projects in economics and social scien
View all quotes by Kenneth BouldingMore by Kenneth Boulding
View all →"Mathematicians themselves set up standards of generality and elegance in their exposition which are a bar to understand."
"The right to have children should be a marketable commodity, bought and traded by individuals but absolutely limited by the state."
"We all, or nearly all, consent If wages rise by ten per cent It puts a choice before the nation Of unemployment or inflation."
"The idea of knowledge as an improbable structure is still a good place to start. Knowledge, however, has a dimension which goes beyond that of mere information or improbability. This is a dimension of significance which is very hard to reduce to quantitative form. Two knowledge structures might be equally improbable but one might be much more significant than the other."
"Canada has no cultural unity, no linguistic unity, no religious unity, no economic unity, no geographic unity. All it has is unity."