Keynesian theory initially prevailed because it did a far better job than classical orthodoxy of making sense of the world around us, and Friedman's critique of Keynes became so influential largely because he correctly identified Keynesianism's weak points. And just to be clear: although this essay argues that Friedman was wrong on some issues, and sometimes seemed less than honest with his readers, I regard him as a great economist and a great man.
Paul KrugmanRelated topics
classical clear critique economist essay far great job less making man orthodoxy sense wrong influential Keynes Keynesian Friedman pointsRelated quotes
What right do we have to claim, as some might, that human beings are the only inhabitants of our planet blessed with an actual ability to be "aware"? ... The impression of a "conscious presence" is indeed very strong with me when I look at a dog or a cat or, especially, when an ape or monkey at the zoo looks at me. I do not ask that they are "self-aware" in any strong sense (though I would guess that an element of self-awareness can be present). All I ask is that they sometimes simply feel!
Roger Penrose
You see, I have made a great discovery. I no longer believe in anything. Objects don't exist for me except in so far as a rapport exists between them or between them and myself. When one attains this harmony, one reaches a sort of intellectual non-existence - what I can only describe as a sense of peace, which makes everything possible and right. Life then becomes a perpetual revelation. That is true poetry.
Georges Braque
Let me make it clear that I do not assert that a President and the Congress must on all points agree with each other at all times. Many times in history there has been complete disagreement between the two branches of the Government, and in these disagreements sometimes the Congress has won and sometimes the President has won. But during the Administration of the present President we have had neither agreement nor a clear-cut battle.
Franklin D. Roosevelt
My temperament and habit had always kept me rather in the middle of the road; in politics as well as in social reform I had been for "the best possible." But now I was pushed far toward the left on the subject of the war and I became gradually convinced that in order to make the position of the pacifist clear it was perhaps necessary that at least a small number of us should be forced into an unequivocal position.
Jane Addams
We are ... led to a somewhat vague distinction between what we may call "hard" data and "soft" data. This distinction is a matter of degree, and must not be pressed; but if not taken too seriously it may help to make the situation clear. I mean by "hard" data those which resist the solvent influence of critical reflection, and by "soft" data those which, under the operation of this process, become to our minds more or less doubtful.
Bertrand Russell