Edmund Phelps quoteEdmund Phelps [1933-0]
American Economist 
Quote rank: 318
| Entrepreneurs have only the murkiest picture of the future in which they are making their bets, and also there is ambiguity: they don't know when they push this lever or that lever that the outcome is going to be what they think it is going to be - there is the law of unanticipated consequences. |
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