Supreme intellectual achievement

March 17, 2011

Ricardo offers us the supreme intellectual achievement, unattainable by weaker spirits, of adopting a hypothetical world remote from experience as though it were the world of experience and then living in it consistently. With most of his successors common sense cannot help breaking in — with injury to their logical consistency.

John Maynard Keynes,
The General Theory of Employment, Interest and Money, Appendix to Chapter 14

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