“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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Originally said in English.

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About Edmund Phelps

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"Entrepreneurs have only the murkiest picture of the future in which t…" — Edmund Phelps | Daily Quotes