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Business
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| Number of pages / Number of words: |
2 / 332 |
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Keynes accused economics of being itself one of these pretty, polite techniques which tries to deal with the present by abstracting from the fact that we know very little about the future. Keynes wrote in his great book The General Theory of Employment, Interest, and Money in 1936. We disguise this uncertainty from ourselves by assuming that the future will be like the past, that existing opinion correctly sums up future prospects, and by copying what everyone else is doing...
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Keynes accused economics of being itself one of these pretty, polite techniques which tries to deal with the present by abstracting from the fact that we know very little about the future. Keynes wrote in his great book The General Theory of Employment, Interest, and Money in 1936. We disguise this uncertainty from ourselves by assuming that the future will be like the past, that existing opinion correctly sums up future prospects, and by copying what everyone else is doing...
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