A Quote by John Maynard Keynes

It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions. — © John Maynard Keynes
It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.
Much of economics isn't difficult, or rather, the difficulty is in cooking up arguments to "prove" that commonsense conclusions are wrong. The fact is that many commonsense conclusions are quite correct, and it takes a lot of education to get you to believe different.
As an educator, I try to get people to be fundamentally curious and to question ideas that they might have or that are shared by others. In that state of mind, they have earned a kind of inoculation against the fuzzy thinking of these weird ideas floating around out there. So rather than correct the weird ideas, I would rather them to know how to think in the first place. Then they can correct the weird idea themselves.
The method of exposition which philosophers have adopted leads many to suppose that they are simply inquiries, that they have no interest in the conclusions at which they arrive, and that their primary concern is to follow their premises to their logical conclusions.
What is the good of drawing conclusions from experience? I don't deny we sometimes draw the right conclusions, but don't we just as often draw the wrong ones?
It is not often that nations learn from the past,even rarer that they draw the correct conclusions from it.
We need to learn that truth consists not in correct doctrine, but in correct doctrine plus the inward enlightenment of the Holy Spirit.
How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.
The human mind feels restless and dissatisfied under the anxieties of ignorance. It longs for the repose of conviction; and to gain this repose it will often rather precipitate its conclusions than wait for the tardy lights of observation and experiment. There is such a thing, too, as the love of simplicity and system,--a prejudice of the understanding which disposes it to include all the phenomena of nature under a few sweeping generalities,--an indolence which loves to repose on the beauties of a theory rather than encounter the fatiguing detail of its evidences.
... However, there is another method, other than revolution, which is that of natural evolution, or rather the intellectual method with all its modes of education and up-bringing.
A method of painting is a natural growth out of a need. I want to express my feelings rather than illustrate them. Technique is just a means of arriving at a statement.
The technique of positive thinking is not a technique that transforms you. It is simply repressing the negative aspects of your personality. It is a method of choice. It cannot help awareness; it goes against awareness. Awareness is always choiceless.
Some call-in moderators are neutral and courteous. Then there's Rush Limbaugh, who is funny and pompous and a scapegoater and hatemonger. His popularity could cause you to draw some terrible conclusions about the state of mind of the American people. It helps to remember that Bill Cosby is popular, too.
Mind mapping is a technique based on memory and creativity and comprehension and understanding, so when the student or a child uses the mind map, they are using their brain in the way their brain was designed to be used, and so the mind helps them in all learning and cognitive skills. It simply helps them in what the brain does naturally.
It is needless to say how great has been the influence of the doctrine of Evolution, or rather perhaps of the method of investigation to which it has given birth, upon the study of history, especially the history of institutions.
The doctrine of foreordination is not a doctrine of repose; instead, it is a doctrine for second- and third-milers, and it will draw out of them the last full measure of devotion. It is a doctrine for the deep believer but it will bring only scorn from the skeptic.
The confidence in the unlimited power of science is only too often based on a false belief that the scientific method consists in the application of a ready-made technique, or in imitating the form rather than the substance of scientific procedure, as if one needed only to follow some cooking recipes to solve all social problems. It sometimes almost seems as if the techniques of science were more easily learnt than the thinking that shows us what the problems are and how to approach them.
This site uses cookies to ensure you get the best experience. More info...
Got it!