"Modern economics is a set of formal models and equations purporting to fully determine human behaviour, at least in the economic realm. And there is no way that uncertainty can be compressed into determinate mathematical models."

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In 1917 European history, in the old sense, came to an end. World history began. It was the year of Lenin and Woodrow Wilson, both of whom repudiated the traditional standards of political behaviour. Both preached Utopia, Heaven on Earth. It was the moment of birth for our contemporary world.

— A. J. P. Taylor