Wednesday, November 2, 2011

Galbraith on Keynes

“Never forget, dear boy, that academic distinction in economics is not to be had from giving a clear account of how the world works.  Keynes knew that; had he made his General Theory completely comprehensible, it would have been ignored.  Economists value most the colleague whom they most struggle to understand.”
—John Kenneth Galbraith in A Tenured Professor (1990), page 50.

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