Episode 2740
Kaleidics
Sun, 2024-Nov-03 00:11 UTC
Length - 1:47
Direct Link
Welcome to Random Wiki of the Day, your journey through Wikipedia’s vast and varied content, one random article at a time.
The random article for Sunday, 3 November 2024 is Kaleidics.
The term kaleidics (Greek: καλός kalos: "good", "beautiful"; εἶδος eidos: "form", "shape") denotes the ever-changing shape and status of an economy. Uncertainty is the primary kaleidic factor. It is strongly associated with the work of George Shackle, who had a rather radical interpretation of Keynesian economic theory. He surmised that the uncertainty in a capitalist economy was due to the irrational nature of investment, which is often driven by irrational fears, rumors, and superstition, rather than what is traditionally assumed to be cold, hard, calculation. Such theories lead to the view, expressed in Viennese kaleidics, that the turbulence of markets cannot be smoothed through government interference, and must therefore be left to their own devices.
This recording reflects the Wikipedia text as of 00:11 UTC on Sunday, 3 November 2024.
For the full current version of the article, see Kaleidics on Wikipedia.
This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.
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Until next time, I'm standard Aditi.
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