G. L. S. Shackle

"Before the Treatise, the interest- rate was determined by tastes and objective circumstances, by the persuasibility of income-earners to transfer consumption from the present to the future, and the de…"

"When we examine this suggestion, we see that it is no more than a formal acknowledgement of a problem, the problem of how the equilibrium prices are to be discovered. Repeated trial and error, while t…"

"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 vers…"

"Myrdalian ex ante language would have saved the General Theory from describing the flow of investment and the flow of saving as identically, tautologically equal, and within the same discourse, treati…"

"Whatever form it takes, the possession of the imaginative gift transforms the problem of accounting for human conduct. For now it is not a question of how given needs are satisfied. Deliberative condu…"

"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…"

"A discipline, a region of the world of thought, should seek to know itself. Like an individual human being, it has received from its origins a stamp of character, a native mode of response to the situ…"

"The bond price, and, as an arithmetical and rigid consequence, the interest rate is an inherently restless variable."