John Maynard Keynes|1922 "Introduction to the Cambridge Economic Handbooks Series", in D. H. Robertson, 1922, Money, p. v
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The Theory of Economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking, which helps its possessor to draw correct conclusions.
— John Maynard Keynes on Economic methodology
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "The Theory of Economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking, which helps its possessor to draw correct conclusions." in the context of "John Maynard Keynes|1922 "Introduction to the Cambridge Economic Handbooks Series", in D. H. Robertson, 1922, Money, p. v" to mean that wisdom is timeless.
Source: Wikiquote: "Economic methodology" (Quotes)
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About John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.
About John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.
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