Kenneth E. Boulding Quotes
It [knowledge] is clearly related to information, which we can now measure; and an economist especially is tempted to regard knowledge as a kind of capital structure, corresponding to information as an income flow. Knowledge, that is to say, is some kind of improbable structure or stock made up essentially of patterns - that is, improbable arrangements, and the more improbable the arrangements, we might suppose, the more knowledge there is.
Boulding, Kenneth E. "The Economics of Knowledge and the Knowledge of Economics." American Economic Review, vol. 56, no. 1/2, 1966, p. 3.
Although most listeners had to spend some time parsing this famous quote, it actually was not a new notion. See Copernicus in linked quotes.
She was explaining why she supported the Iraq War which the George W. Bush administration started claiming that Iraq had weapons of mass destruction. After invading Iraq, it turned out that the “intelligence” was wrong—there were no WMDs. Many believe that the intelligence was fabricated to justify a war that Bush, Vice President Cheney and the neo-conservatives wanted for other reasons.
Kenneth Ewart Boulding 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.