Kenneth Boulding (1947) "A Note on the Theory of the Underground economy". In: The Canadian Journal of Economics and Political Science. Vol. 13 no.1, p. 117; quoted in: Michael York (2007) The Entrepreneurial Outlaw
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The greater the penalties laid on sellers in the black market... the higher the black market price.
— Kenneth Boulding
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "The greater the penalties laid on sellers in the black market... the higher the black market price." in the context of "Kenneth Boulding (1947) "A Note on the Theory of the Underground economy". In: The Canadian Journal of Economics and Political Science. Vol. 13 no.1, p. 117; quoted in: Michael York (2007) The Entrepreneurial Outlaw" to mean that wisdom is timeless.
Source: Wikiquote: "Kenneth Boulding" (Quotes, 1940s)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
About Kenneth 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 Elise M. Boulding.
About Kenneth 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 Elise M. Boulding.
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