wise words from a great economist

[E]conomics is essentially a moral science and not a natural science. That is to say, it employs introspection and judgments of value.

John Maynard Keynes: Letter to Roy Harrod, July 4, 1938

So true, but so often forgotten!

Tags: Keynes

This entry was posted on Sunday, February 2nd, 2014 at 13:05 and is filed under Political Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.