Despite despising the unfettered market economy, he nevertheless developed revolutionary theories on radical uncertainty, ideas that greatly affected writers like G.L.S. Shackle, Ludwig Lachmann, and much later, Nassim Taleb, who then took his ideas farther than he ever could. This is from his General Theory of Employment, Interest, and Money:
“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.”
