"Focusing totally on technique, you lose the essence and power of simplicity... The other extreme is just as bad; you see it in a lot of Modern works, where the concept is more important than the technique, resulting in very poor craftsmanship."

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Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.

— Paul Ormerod