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The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital in the occupation in question; that is, at the rate which the entrepreneur could obtain in other investments

— Kenneth Boulding p. 793 cited in: Pedro Garcia Duarte (2010)

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More quotes by Kenneth Boulding

Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.

to Kenneth Boulding in: United States. Congress. House (1973)

Equilibrium is a figment of the human imagination.

Accounting for the most part, remains a legalistic and traditional practice, almost immune to self-criticism by scientific methods.

Communication can only take place among equals.

The most fundamental form of integrative power is the power of love.

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Attribution

Quote text and notes from Wikiquote: Kenneth Boulding (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.