One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes.
Kenneth E. BouldingJustification, in terms of the broadening of freedom, for any particular form of institution of property must be argued in terms of whether the losses caused by the restrictions imposed are greater or less than the gains derived from the elimination of costly conflict.
Kenneth E. Boulding[The integrative system] deals with such matters as respect, legitimacy, community, friendship, affection, love, and of course their opposites, across a broad scale of human relationships and interactions.
Kenneth E. BouldingKnowledge exists in minds, not in books. Before what has been found can be used by practitioners, someone must organize it, integrate it, extract the message.
Kenneth E. BouldingA somewhat casual observer from outer space might well deduce that the course of evolution in this planet had produced a species of large four-wheeled bugs with detachable brains; peculiar animals which rested when they sent their brains away from them but performed in rather predictable manner when their brains were recalled.
Kenneth E. Boulding