Creative pessimism suggests that the falls intended will not necessarily be obtained.
Similarly, the effect of the economic variables is differentiated so that optimism or pessimism on them does not always provoke the same policy preference.
His prewar essays exemplify the widespread sense of cultural pessimism of those years.
It is not so much the pessimism attendant upon the era of mass politics and society that is so arresting.
The control that pessimism exercises need not destroy creativity.
But nothing in the work surveyed here suggests grounds for pessimism or panic.
In fact, since waves of pessimism were present before the 1973- 1975 recession, they could have turned the economic slowdown into this more intense recession.
If the distribution of the forecast variable is negatively (positively) skewed, then the optimal forecast exhibits optimism (pessimism). 11.
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