Note that Keynes does not neglect the element of beauty. But he embeds this point in a much richer tapestry of opportunism, venality, and apologetics. To this day, seduction-by-deduction is known, in some corners of economics at least, as “the Ricardian Vice.” Keynes also wrote: “But although the doctrine itself has remained unquestioned by orthodox economists up to a late date, its signal failure for purposes of scientific prediction has greatly impaired, in the course of time, the prestige of its practitioners. For pro- fessional economists. were apparently unmoved by the lack of correspondence between the results of their theory and the facts of observation;—a discrepancy which the ordinary.
