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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

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
Incomprehensible
Incompetent
Indifferent
Educational
Economics
Education

More quotes by John Maynard Keynes

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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
John Maynard Keynes
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In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side of a political frontier, and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves and one another and prefer collective animosities to individual happiness.
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Obstinacy can bring only a penalty and no reward.
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The boom, not the slump, is the right time for austerity at the Treasury.
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Newton was not the first of the age of reason, he was the last of the magicians.
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If I am right in supposing it to be comparatively easy to make capital-goods so abundant that the marginal efficiency of capital is zero, this may be the most sensible way of gradually getting rid of many of the objectionable features of capitalism.
John Maynard Keynes
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Conservatism leads nowhere it satisfies no ideal.
John Maynard Keynes
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Experience shows that what happens is always the thing against which one has not made provision in advance.
John Maynard Keynes
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The engine which drives enterprise is not thrift, but profit.
John Maynard Keynes
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If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.
John Maynard Keynes
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... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
John Maynard Keynes
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When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
John Maynard Keynes
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It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.
John Maynard Keynes
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Professional investment may be likened to those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole.
John Maynard Keynes
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The study of economics does not seem to require any specialised gifts of an unusually high order.
John Maynard Keynes
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The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.
John Maynard Keynes
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When my information changes, I alter my conclusions. What do you do, sir?
John Maynard Keynes
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The expected never happens it is the unexpected always.
John Maynard Keynes
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By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes
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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.
John Maynard Keynes