p. 162
“
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 holding opposite views of the impending movement of bond prices.
— G. L. S. Shackle
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "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 holding opposite views of the impending movement of bond prices." in the context of "p. 162" to mean that wisdom is timeless.
Source: Wikiquote: "G. L. S. Shackle" (Quotes, Epistemics and Economics. (1972): G. L. S. Shackle (1972), ''Epistemics & Economics: A Critique of Economic Doctrines" Cambridge University Press; Reprint 1992)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About G. L. S. Shackle
George Lennox Sharman Shackle (14 July 1903 – 3 March 1992) was an English economist. He made a practical attempt to challenge classical rational choice theory and has been characterised as a "post-Keynesian," though he is influenced as well by Austrian economics. Much of his work is associated with the Dempster–Shafer theory of evidence.
About G. L. S. Shackle
George Lennox Sharman Shackle (14 July 1903 – 3 March 1992) was an English economist. He made a practical attempt to challenge classical rational choice theory and has been characterised as a "post-Keynesian," though he is influenced as well by Austrian economics. Much of his work is associated with the Dempster–Shafer theory of evidence.
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