“There is little point in demanding minor concessions and relaxations of the abstract, timeless general equilibrium. The light it can throw on human affairs is throw by its most austere and formal version. We are not concerned to ask: How could it possibly work? The useful question is: What does its logical structure imply?”

— G. L. S. Shackle

Source: Epistemics and Economics. (1972), p. 150-1

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G. L. S. Shackle 8

British economist 1903–1992

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G. L. S. Shackle 8

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