Oct 10, 2011
Economics is a science of thinking in terms of models joined to the art of choosing models which are relevant to the contemporary world. It is compelled to be this, because, unlike the typical natural science, the material to which it is applied is, in too many respects, not homogeneous through time.
JOHN MAYNARD KEYNES (in J.M. Keynes to R. Harrod, 4 July 1938)
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