Joaquin, Domingo C. - 2017
expectation since the basis for making such calculations does not exist” (Keynes, 1936, pp. 162-163) and “individual initiative … will only be adequate when reasonable calculation is supplemented and supported by animal spirits” (Keynes, 1936, p. 162 …) – by “a spontaneous urge to action rather than inaction” (Keynes, 1936, p. 161). It is intended here to examine an …