By Ron Taber

ISBN-10: 0939073366

ISBN-13: 9780939073368

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A sense even of that oneness and simplicity which, if he can assure himself of its presence, will carry consistency and order to their highest expression. Religion, science and art have all of them this aim in common. The difference between them lies in the different emphases in their modes of search, the stress upon the promptings of inborn longing and intuitive or inspired conviction, upon reason and experience, or upon imagination of beauty. (Shackle, 1967, p. 286, italics in original) Theology underpins his picture of human affairs.

This is what Shackle (1967, chapter 10) draws with admiration from Myrdal (1939). Shackle (1983d, p. 113) attended a transformative lecture given in 1935 at the LSE by Brinley Thomas who reported developments from Sweden that were not yet available in English. Myrdal connects the discrepancy between saving and investment with expectations of producers and their resulting flow supplies. When planned investment falls, planned saving exceeds planned investment and the flow of total spending begins to decline.

This is the revolutionary thought in modern science. It replaces the concept of inevitable effect with probable trend. We must be content to map the places into which it may move, and to assign a greater or less likelihood to this or that of its areas of uncertainty. Shackle, however, could only partly agree with Bronowski (1960 [1951], p. 93) here: [P]roblems like Free Will or Determinism are simply misunderstandings of history. History is neither determined nor random. At any moment, it moves forward into an area whose general shape is known but whose boundaries are uncertain in a calculable way.

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