The classical theorists resemble Euclidean geometers in a non-Euclidean world who, discovering that in experience straight lines apparently parallel often meet, rebuke the lines for not keeping straight as the only remedy for the unfortunate collisions which are occurring. Yet, in truth, there is no remedy except to throw over the axiom of parallels and to work out a non-Euclidean geometry.
-John Maynard Keynes, on models of unemployment that seemed nice on paper but did not measure up to the real world.
-John Maynard Keynes, on models of unemployment that seemed nice on paper but did not measure up to the real world.