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The essential measure of the success of the economy is not production and consumption at all, but the nature, extent, quality, and complexity of the … - Kenneth E. Boulding
" "The essential measure of the success of the economy is not production and consumption at all, but the nature, extent, quality, and complexity of the total capital stock, including in this the state of the human bodies and minds included in the system. In the spaceman economy, what we are primarily concerned with is stock maintenance, and any technological change which results in the maintenance of a given total stock with a lessened throughput (that is, less production and consumption) is clearly a gain. This idea that both production and consumption are bad things rather than good things is very strange to economists, who have been obsessed with tile income-flow concepts to the exclusion, almost, of capital-stock concepts.
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About Kenneth E. Boulding
Kenneth Ewart Boulding (18 January 1910 – 18 March 1993) was an economist, educator, poet, religious mystic, devoted Quaker, systems scientist and interdisciplinary philosopher. He was cofounder of General Systems Theory and founder of numerous ongoing intellectual projects in economics and social science. He was married to .
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Kenneth Ewart Boulding
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It is much more accurate to identify the factors of production as know-how (that is genetic information structure), energy, and materials, for, as we have seen, all processes of production involve the direction of energy by some know-how structure toward the selection, transportation, and transformation of materials into the product
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If there is one idea that has dominated the history of the United States, it is the idea of progress. Yet analyses of this idea are surprisingly rare. Furthermore, in spite of having been founded by a rather small revolution, the dominant dynamic of the United States has been evolutionary, through social mutation (invention), production, and selection. In this paper, therefore, I propose to look at the larger question of the nature of evolutionary change, and the conditions under which change can be identified as progress.
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