1 Comment
User's avatar
⭠ Return to thread
Tom Barson's avatar

I think Solow means "not quite true" in the sense of simplification or approximation. But the simplifications in his case are in service of a search for (less than ultimate) truth. He was not quite a pragmatist in the sense that you lay out, although he would have smiled at your "always and only" because it's so close to Milton Friedman's "Inflation is always and everywhere a monetary phenomenon."

Expand full comment