RobinZ comments on Rationality Quotes: May 2011 - Less Wrong

3 Post author: CronoDAS 02 May 2011 02:33AM

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Comment author: RobinZ 04 May 2011 02:48:38PM 12 points [-]

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.

John Maynard Keynes, The General Theory of Employment Interest and Money (1935), Book 5, Chapter 21, Section 3, pg. 298