Steve Keen: Difference

Steve Keen is Australian economist. Explore interesting quotes on difference.
Steve Keen: 54   quotes 0   likes

“The term 'capital' has two quite different meanings in economics: a sum of money, and a collection of machinery.”

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 6, The Holy War Over Capital, p. 130

“The EMH cannot apply in a world in which investors differ in their expectations, in which the future is uncertain, and in which borrowing is rationed.”

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 10, The Price Is Not Right, p. 234