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K. E. Boulding
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Born
Kenneth Ewart Boulding

(1910-01-18)18 January 1910
Died 18 March 1993(1993-03-18) (aged 83)
Nationality English-born, American
Alma mater Oxford University
Known for Boulding's Hierarchy
Kenneth Boulding's evolutionary perspective
Spaceship Earth
Loss of Strength Gradient
Spouse(s) Elise M. Boulding (m. 1941; 5 children; William Boulding et al.)
Awards John Bates Clark Medal (1949)
33 honorary degrees
Scientific career
Fields Economics
Systems theory
Evolutionary economics
Institutions University of Edinburgh
Colgate University
Iowa State University
University of Michigan
The University of the West Indies
University of Colorado at Boulder
Influences Joseph Schumpeter
Irving Fisher
John Maynard Keynes


Kenneth Ewart Boulding (/ˈbldɪŋ/; January 18, 1910 – March 18, 1993) 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 science. He was married to sociologist Elise M. Boulding.

Biography

Early years

View of Seymour Street from London Road, Liverpool
Seymour Street, Liverpool

Boulding was born and raised in Liverpool, England, the only child of William C. Boulding and Elizabeth Ann Boulding. His father was a gas fitter and a lay preacher in the Wesleyan Methodist Church, and his mother was a housewife. Boulding's middle name Ewart came from William Ewart Gladstone, of whom his father was a great admirer. In his adolescent years Boulding became interested in pacifism and joined the Religious Society of Friends.

After attending Liverpool Collegiate School on a scholarship, Boulding won a chemistry scholarship to Oxford University at New College in 1929. He soon transferred to Philosophy, Politics and Economics. His economics tutors were Henry Phelps Brown, and Maurice Allen (1908–1988), who would become a director of the Bank of England in the late 1960s. Boulding obtained a First in economics in 1931. In his last year he wrote "The Place of the 'Displacement Cost' Concept in Economic Theory", which was accepted and published in The Economic Journal, after extensive comments by its editor John Maynard Keynes.

On a small university scholarship Boulding spent another year at Oxford doing graduate work, which resulted in a thesis on capital movements. While he was turned down for a fellowship for Christ Church, Oxford, in 1932 he did win a Commonwealth Fellowship to the University of Chicago. En route he got "quite well acquainted" with Joseph Schumpeter.

On the fellowship from 1932 to 1934, Boulding continued his economics studies at Chicago and at Harvard University. Although Jacob Viner encouraged him to focus on his PhD work, he studied with Schumpeter, took classes from Henry Schultz and Frank Knight, and wrote some of his own articles. At Chicago, he became friends with another graduate student, Albert Gailord Hart.

His studies with Schumpeter were interrupted by a spontaneous pneumothorax ('collapsed lung'). After recovery he spent the last six months of his Commonwealth Fellowship in Chicago, writing articles on capital theory. Two of those articles, "The Application of the Pure Theory of Population Change to the Theory of Capital", and "The Theory of a Single Investment", were published in The Quarterly Journal of Economics in 1934–1935, and were the topic of Frank H. Knight's reflection the next year. After returning to the UK for three years, Boulding settled in the U.S. He was granted citizenship in 1948.

University of Edinburgh

Under the terms of his Commonwealth Fellowship Boulding returned to the UK in the summer of 1934, and obtained a three-year position in economics at the University of Edinburgh. Academic life at the university seemed very dead to him, and he made himself unpopular with a speech to students that was published in The Scotsman with the headline, "Scottish University Sitting on Haunches for the last Fifty Years."

In those days Boulding was actively involved in the Quaker community, writing a pamphlet on nonviolent methods in 1936 and drafting a letter for the Friends to the prime minister, asking Britain to disclaim the "war guilt" clauses in the Treaty of Versailles and move toward a more just peace.

During this period Boulding learned about Paton's accounting theory and the principles of accounting. This theory made him view the firm as "governed by a principle that might be called the homeostasis of the constant changing balance sheet". Boulding (1989) explained that: "In the short run, the firm simply responded to changes in the balance sheet resulting from purchases. When customers purchased finished goods, inventory went down, cash went up, and the cash would be spent on labour and materials to make more finished goods. This equilibrium balance sheet, however, would be constantly changing as technologies, new goods, and new enterprises came into play."

In 1935, in his second year in Edinburgh, Frank H. Knight published an article on his work, entitled "The theory of investment once more: Mr. Boulding and the Austrians," in The Quarterly Journal of Economics. This brought Boulding at the age of 24 to prominence as a notable intellectual in the social sciences.

US academic life

Colgate University Across Taylor Lake
Colgate University campus

In the summer of 1937 Boulding returned to the US to attend a world congress of Quakers in Philadelphia. He obtained a faculty position in upstate New York at Colgate University. From 1937 to 1941 he taught economics there. Fontaine (2010) summarized his stay:

... Boulding enjoyed the congenial surroundings of Colgate University. He did not feel alienated from his colleagues and acquaintances, as he had in British academic circles. For the first two years, social and professional life was fulfilling. But from September 1939, the invasion of Poland and his home country's declaration of war on Germany caused increasing emotional distress and strong feelings of hate against the Germans. His Quaker convictions were shaken until he had a mystical experience in May 1940 which restored his faith in pacifism...

In a state of spiritual crisis Boulding managed to finish his textbook, Economic Analysis, which he had started in the free summer semesters at Colgate in the previous two years. This work would become a bestseller and earned him even more respect in the field of economics.

From 1942 to 1943, Boulding taught at Fisk University, a historically black school in Nashville, Tennessee. From 1945 to 1949 he was a faculty member of Iowa State College, now Iowa State University, and from 1949 to 1967 he was a faculty member of the University of Michigan. In 1967 he joined the faculty of the University of Colorado at Boulder, where he remained until his retirement.

A number of national and regional scholarly societies elected Boulding as their president, including the American Economic Association in 1968–69, the Society for General Systems Research, the American Association for the Advancement of Science (AAAS) in 1980, the International Studies Association, the Peace Research Society, and the Association for the Study of the Grants Economy. In 1978 Larry D. Singell stated:

The election of Kenneth Boulding as president-elect of the AAAS continues the tradition of selecting an individual who is not only distinguished because of significant and fundamental contributions to a particular field of science but who also has the knowledge and vision to look at science as a whole and accordingly to represent the entire scientific community.

Boulding was nominated for the Nobel Prize at different times for both peace and economics. He was an elected member of the American Academy of Arts and Sciences (1957), the American Philosophical Society (1960), and the United States National Academy of Sciences (1975).

Religious Society of Friends

Boulding, with his wife Elise, was an active member of the Religious Society of Friends, or Quakers. He took part in Quaker gatherings, served on committees, and spoke to and about the Friends. The two were members of meetings in Nashville, Ann Arbor, and Boulder. Although he usually stuttered, when he ministered at a Friends meeting, he spoke fluently.

Kenneth Boulding was instrumental in organizing the first Vietnam War teach-in at the University of Michigan in March, 1965. He later spoke on the steps of the Hatcher Graduate Library at the university and was pelted with snowballs by a group of disagreeing students.

In March 1977, he conducted a silent vigil at the headquarters of the American Friends Service Committee in Philadelphia to protest what he considered its distancing itself from Quakers. He penned the widely circulated "There is a Spirit", a series of sonnets he wrote in 1945 based on the last statement of the 17th century Quaker James Nayler.

Work

Boulding was widely recognized in academia as a prolific writer and an integrator of knowledge. For Boulding, economics and sociology were not social sciences— rather, they were all aspects of a single social science devoted to the study of human persons and their relationships (organizations). Boulding spearheaded an evolutionary (instead of equilibrium) approach to economics.

Boulding emphasized that human economic and other behavior is embedded in a larger interconnected system. To understand the results of our behavior, economic or otherwise, we must first research and develop a scientific understanding of the ecodynamics of the general system, the global society in which we live, in all its dimensions spiritual and material. Boulding believed that in the absence of a committed effort to the right kind of social science research and understanding, the human species might well be doomed to extinction. But he was optimistic, believing our evolutionary journey had just begun.

Evolutionary economics

Boulding was an exponent of the evolutionary economics movement. In his "Economic Development as an Evolutionary System" (1961, 1964), Boulding suggests a parallel between economic development and biological evolution.

The Economics of the Coming Spaceship Earth, 1966

Following the publication of Rachel Carson's Silent Spring in 1962, the developing environmental movement drew attention to the relationship between economic growth and development and environmental degradation. Boulding in his influential 1966 essay "The Economics of the Coming Spaceship Earth" identified the need for the economic system to fit itself to the ecological system with its limited pools of resources.

See also

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