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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
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Lord Keynes
Baron Keynes of Tilton
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Dentists
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More quotes by John Maynard Keynes
I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems.
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Everything is always decided for reasons other than the real merits of the case
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The study of economics does not seem to require any specialised gifts of an unusually high order.
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The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse but to do those things which at present are not done at all.
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Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
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It would not be foolish to contemplate the possibility of a far greater progress still.
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When my information changes, I alter my conclusions. What do you do, sir?
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Experience shows that what happens is always the thing against which one has not made provision in advance.
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Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
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It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true, and that there is no direct relation between the truth of a proposition and its probability. Probability begins and ends with probability.
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There is no harm in being sometimes wrong - especially if one is promptly found out.
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The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
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The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
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It is ideas, not vested interests, which are dangerous for good or evil.
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Ideas shape the course of history.
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I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
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The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion.
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Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all.
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Once doubt begins it spreads rapidly.
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Men will not always die quietly.
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