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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
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
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Lord Keynes
Baron Keynes of Tilton
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Economics
Dentists
Would
Humble
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Economy
Splendid
Economic
Liberalism
Politics
More quotes by John Maynard Keynes
Chess is a cure for headaches.
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Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
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Those, who are strongly wedded to what I shall call 'the classical theory', will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right.
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I work for a Government I despise for ends I think criminal.
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When somebody persuades me I am wrong, I change my mind.
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What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!
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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.
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Adam Smith and Malthus and Ricardo ! There is something about these three figures to evoke more than ordinary sentiments from us their children in the spirit.
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Perhaps it is historically true that no order of society ever perishes save by its own hand.
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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
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All the political parties alike have their origins in past ideas and not in new ideas and none more conspicuously so than the Marxists .
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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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They offer me neither food nor drink - intellectual nor spiritual consolation... [Conservatism] leads nowhere it satisfies no ideal it conforms to no intellectual standard, it is not safe, or calculated to preserve from the spoilers that degree of civilization which we have already attained.
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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
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The importance of money flows from it being a link between the present and the future.
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The Class war will find me on the side of the educated bourgeoisie.
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If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.
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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.
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Economics is a very dangerous science.
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Obstinacy can bring only a penalty and no reward.
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