Quote by John Kenneth Galbraith
Economic life, as always, is a matrix in which result becomes cause and cause becomes result.
Summary
This quote emphasizes the interconnectedness and reciprocal relationship between different factors within the economic system. It suggests that outcomes are not solely determined by initial causes, but rather, these outcomes themselves become new causes, leading to a continuous cycle of cause and effect. In economic life, actions and events are interconnected, with each influencing the other and contributing to the overall dynamics of the system. This quote highlights the intricacies and complexity of economic processes, underlining the need to consider both the initial causes and subsequent effects when studying and understanding the economy.
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