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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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Economist
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Lord Keynes
Baron Keynes of Tilton
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Splendid
More quotes by John Maynard Keynes
Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
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It would not be foolish to contemplate the possibility of a far greater progress still.
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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.
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Galton's eccentric, sceptical, observing, flashing, cavalry-leader type of mind led him eventually to become the founder of the most important, significant and, I would add, genuine branch of sociology which exists, namely eugenics.
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The duty of saving became nine-tenths of virtue and the growth of the cake the object of true religion.
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When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
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It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
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Economics is a very dangerous science.
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If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
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But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
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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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Perhaps it is historically true that no order of society ever perishes save by its own hand.
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It is ideas, not vested interests, which are dangerous for good or evil.
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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.
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I don't feel the least humble before the vastness of the heavens.
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Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.
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When somebody persuades me I am wrong, I change my mind.
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Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
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Perhaps a day might come when there would be at last be enough to go round, and when posterity could enter into the enjoyment of our labors.
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[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.
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