Uncertainty in Economics and Other Reflections
 
Oil on (unprimed) Canvas
22" x 30"
2004
 
“It is still, fortunately, impossible to plan human feelings and aspirations, it is impossible to plan imagination and invention and fashion and politics. In spite of all the plans, a product which we start to make today can fit well or ill into the situation which will exist when it is ready … In all production, because it takes time, there is an ineradicable uncertainty. The answer can never be know in advance to the question: ‘When this product will be finished, will its production turn out to have been worth while?’” (Shackle, 1955, p. 81)