[In this we may expect the article to be sold to] "the most eager buyer at a price which is just about the highest he is willing to pay, for in this … - Kenneth E. Boulding

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.

The human condition can almost be summed up in the observation that, whereas all experiences are of the past, all decisions are about the future. It is the great task of human knowledge to bridge this gap and to find those patterns in the past which can be projected into the future as realistic images.

I was born on January 18, 1910 at 4 Seymour Street, off. London Road, Liverpool, Lancashire, England, Great. Britain, Europe, the world, the solar system, the universe. Writing out my full address like this was a great satisfaction when I was a boy. Seymour Street had a solid row of narrow, four-story houses on both sides, each with a flight of steps leading up to the front door, and what we called an "airy," a rectangular hole in front of the basement window, often with steps leading down to a basement underneath the front door. The streets of the neighborhood spoke of the Napoleonic Wars in the early nineteenth century— St. Vincent Street, Rodney Street, Lord Nelson Street. Close by was dirty Lime Street Station; St. George's Hall, a magnificent classical structure the center of Liverpudlian splendor; the theaters; and the great Picton Library with its huge circular reading room. The neighborhood was very mixed; we belonged to the English minority in Liverpool, a city largely populated by the Irish and the Welsh.