The Uses and Abuses of Economic Ideology
John Maynard Keyenes once wrote that, "Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.” But today the greater danger is that practical men and women gravitate to vulgar versions of the dominant beliefs of economists who are very much alive.
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LONDON – John Maynard Keynes famously wrote that “the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than commonly understood. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.”