In The Long Run We Are All

It Is Ideas, Not Vested Interests, Which Are Dangerous For Good Or Evil.

Economists Must Leave To Adam Smith Alone The Glory Of The Quarto, Must Pluck The Day, Fling Pamphlets Into The Wind, Write Always Sub Specie Temporis , And Achieve Immortality By Accident, If At All.

Too Large A Proportion Of Recent "mathematical" Economics Are Mere Concoctions, As Imprecise As The Initial Assumptions They Rest On, Which Allow The Author To Lose Sight Of The Complexities And Interdependencies Of The Real World In A Maze Of Pretentious And Unhelpful Symbols.

It Is Astonishing What Foolish Things One Can Temporarily Believe If One Thinks Too Long Alone, Particularly In Economics.

If The Treasury Were To Fill Old Bottles With Bank-notes, Bury Them At Suitable Depths In Disused Coal-mines Which Are Then Filled Up To The Surface With Town Rubbish, And Leave It To Private Enterprise On Well-tried Principles Of Laissez-faire To Dig The Notes Up Again (the Right To Do So Being Obtained, Of Course, By Tendering For Leases Of The Note-bearing Territory), There Need Be No More Unemployment And, With The Help Of Repercussions, The Real Income Of The Community, And Its Capital Wealth, Would Probably Become A Good Deal Greater Than It Actually Is.