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Kenneth Boulding

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Economic problems have no sharp edges. They shade off imperceptibly into politics, sociology, and ethics. Indeed, it is hardly an exaggeration to say that the ultimate answer to every economic problem lies in some other field.
--
p. 252, quoted in Leonard Silk (1976) The Economists. New York: Basic Books. p. 208

 
Kenneth Boulding

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It is probable that when future historians of economic thought look back over this century, the thirties will appear as an era of rapid development in economic theory. Not only has there been unusual activity in monetary theory, theory of value. but extensive transformations have also been made in the basic theory of value. The outstanding publications in this field are, of course, Joan Robinson's Theory of Imperfect Competition and Chamberlin's Theory of Monopolistic Competition, the first produced in Cambridge, England, and the second in Cambridge, Massachusetts. These volumes mark the explicit recognition of the theory of the firm as an integral division of economic analysis upon which rests the whole fabric of equilibrium theory. General equilibrium is nothing more than the problem of the interaction of individual economic organisms, under various conditions and assumptions; as a necessary preliminary to its solution, an adequate theory of the individual organism itself is necessary.

 
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Unlike the Cult of the Seven-Edged Star, the Church of the Seven Pointed Star believed that God had seven points rather than seven edges. Therefore, rather than worshipping the journey toward self-realization symbolized by the edges, they worshipped the goals of self-realization as symbolized by the points. [...] Adherents to the Church of the Seven-pointed Star used swords with sharp points but no edge, while the Cult of the Seven-Edged Star used swords with sharp edges but no point. Alas, edges proved superior to points in most battles fought in the streets of Nicea. Caroline's followers were forced to either commit sacrilege and switch to edges, or become meals for the ever-present saltwater buzzard. Proving, one could say, the point of the edges.

 
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