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Keynes was an unapologetic financial elitist and had no interest in a quest for income equality or a planned economy. He simply sought a mechanism to get stuck markets unstuck. No one has proposed an alternative to his idea of a stimulus. The enduring nuisance is that someone has to guess about exactly how and when to aim a stimulus kick; this is just another way of saying you can't have science without scientists.

I ... don't know if I would agree, from having read Economic Possibilities for our Grandchildren + various secondary sources on Keynes, but maybe Lanier's just trying to make him more palatable for the conservatives in his audience?

this passage is situated in a larger musing on local maximums and the complicated, risky ways we can get out of them and on to higher equilibrium points (which is relevant)

—p.152 Markets and Energy Landscapes (143) by Jaron Lanier 8 years, 11 months ago