“We live in a world in which it is impossible to anticipate most of the contingencies that will arise. Neither the political context, nor the inventions, nor the fashions, nor the weather, nor the climate are precisely specifiable in advance. There is, in the real world, no possibility of working with an abstract space of all the contingencies that may evolve. To do real economics, without mythological elements, we need a theoretical framework in which time is real and the future is not specifiable in advance, even in principle. It is only in such a theoretical context that the full scope of our power to construct our future can make sense.”
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Comments go to email for approval. I only check once a week. Thank you, Jane.