“In the Treatise we are shown the bond-market as it exists in real life: a speculative market where a price, with an identity and a momentary stability, can only exist if there are two camps of dealers holding opposite views of the impending movement of bond prices.”

Source: Epistemics and Economics. (1972), p. 162

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G. L. S. Shackle 8
British economist 1903–1992

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