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The difficulty lies, not in the new ideas, but in escaping from the old ones.
John Maynard Keynes
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John Maynard Keynes
Age: 62 †
Born: 1883
Born: June 5
Died: 1946
Died: April 21
Businessperson
Diplomat
Economist
Mathematician
Non-Fiction Writer
Philosopher
Politician
Professor
Lord Keynes
Baron Keynes of Tilton
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More quotes by John Maynard Keynes
It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion
John Maynard Keynes
Investing is an activity of forecasting the yield over the life of the asset speculation is the activity of forecasting the psychology of the market.
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Nothing mattered except states of mind, chiefly our own.
John Maynard Keynes
The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.
John Maynard Keynes
Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
John Maynard Keynes
[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire.
John Maynard Keynes
All the political parties alike have their origins in past ideas and not in new ideas and none more conspicuously so than the Marxists .
John Maynard Keynes
The engine which drives enterprise is not thrift, but profit.
John Maynard Keynes
The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
John Maynard Keynes
Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
John Maynard Keynes
Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
John Maynard Keynes
The study of economics does not seem to require any specialised gifts of an unusually high order.
John Maynard Keynes
This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.
John Maynard Keynes
Conservatism leads nowhere it satisfies no ideal.
John Maynard Keynes
In truth, the gold standard is already a barbarous relic.
John Maynard Keynes
I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
John Maynard Keynes
Too large a proportion of recent mathematical economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.
John Maynard Keynes
Newton was not the first of the age of reason, he was the last of the magicians.
John Maynard Keynes
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes
Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement.
John Maynard Keynes
