"A criticism of Keynes and Hayek would have to begin by pointing out the fact that in their theoretical systems there is no place for the uncertainty factor and anticipations. … It is good proof of Keynes’ intuitive genius that he reaches practical results that in many respects are very much superior to his deficient statements of certain theoretical problems."

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Added on April 10, 2026
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Original Language: English

Sources

Gunnar Myrdal, Monetary Equilibrium (1939)

https://en.wikiquote.org/wiki/John_Maynard_Keynes