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The Reign Of Keynes, Part II — Lord Robert Skidelsky

The Joe Walker Podcast

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Is There a General Theory of Economics?

There are no fixed and ununiversal economic laws. To the extent that so called economic laws exist at any given moment, they arise out of structures which are contingent. Could you envisage a situation in which kaines's general theory finally has the rug pulled out from under it? And what would that take? Well, ye, you could say he gave a hostage to fortune in calling his theory the general thor.

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