Conventional Wisdom
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High Quality Content by WIKIPEDIA articles! Conventional wisdom (CW) is a term used to describe ideas or explanations that are generally accepted as true by the public or by experts in a field. The term implies that the ideas or explanations, though widely held, are unexamined and, hence, may be reevaluated upon further examination or as events unfold. The term is often credited to the economist John Kenneth Galbraith, who used it in his 1958 book The Affluent Society: It will be convenient to have a name for the ideas which are esteemed at any time for their acceptability, and it should be a ...
High Quality Content by WIKIPEDIA articles! Conventional wisdom (CW) is a term used to describe ideas or explanations that are generally accepted as true by the public or by experts in a field. The term implies that the ideas or explanations, though widely held, are unexamined and, hence, may be reevaluated upon further examination or as events unfold. The term is often credited to the economist John Kenneth Galbraith, who used it in his 1958 book The Affluent Society: It will be convenient to have a name for the ideas which are esteemed at any time for their acceptability, and it should be a term that emphasizes this predictability. I shall refer to these ideas henceforth as the conventional wisdom. The term in actuality is much older and dates at least to 1838. "Conventional wisdom" was used in a number of other works prior to Galbraith, occasionally in a positive or neutral sense, but more often pejoratively.
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