There Is No Harm In Being

This observation appears in Essays in Persuasion (1931), a collection of Keynes's political and economic essays spanning 1919 to 1931. The remark reflects his empirical, self-correcting approach to economic analysis: he believed that the willingness to be wrong and to be corrected quickly was a scientific virtue rather than a weakness. The essays collected in the volume covered topics from the Versailles peace settlement to the British return to the gold standard, many of which involved Keynes acknowledging and updating earlier positions.