How Did the Influential Economist John Maynard Keynes Explain His

question 3

Multiple Choice

How did the influential economist John Maynard Keynes explain his remark that though economics is an easy subject compared with the higher branches of philosophy or pure science,it is a subject at which few excel?

• A)Most people who study economics are not very bright.
• B)Good economists must possess a rare combination of gifts.
• C)Economics is quite boring;hence,people tend to lose interest in it before mastering it.
• D)Good thinkers become frustrated with economics because it does not make use of the scientific method.

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Definitions:

Unacceptable Impulses

Thoughts or desires that are often viewed as inappropriate or socially unacceptable, which can cause distress if not managed.

Displacement

In psychology, a defense mechanism where mind substitutes a new aim or object for goals felt in their original form to be dangerous or unacceptable.

Psychosexual Development

Psychosexual development is a Freudian concept describing how personality develops through stages centered on erogenous zones from infancy to adulthood.

Oral Stage

A term from Freudian psychoanalysis referring to the first stage of psychosexual development, focusing on pleasure centers around the mouth.