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It is better to be roughly right than precisely wrong.
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
Precisely
Investing
Wrong
Better
Right
Roughly
Insightful
More quotes by John Maynard Keynes
Economics is a very dangerous science.
John Maynard Keynes
Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
John Maynard Keynes
I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.
John Maynard Keynes
It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.
John Maynard Keynes
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.
John Maynard Keynes
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.
John Maynard Keynes
When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
John Maynard Keynes
We will not have any more crashes in our time.
John Maynard Keynes
Ideas shape the course of history.
John Maynard Keynes
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
John Maynard Keynes
For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
John Maynard Keynes
What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!
John Maynard Keynes
It is Enterprise which build and improves the world's possessions...If Enterprise is afoot, Wealth accumulates whatever may be happening to Thrift and if Enterprise is asleep, Wealth decays, whatever Thrift may be doing.
John Maynard Keynes
The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump but in abolishing slumps and thus keeping us permanently in a quasi-boom.
John Maynard Keynes
Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
John Maynard Keynes
It would not be foolish to contemplate the possibility of a far greater progress still.
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.
John Maynard Keynes
The engine which drives enterprise is not thrift, but profit.
John Maynard Keynes
Conservatism leads nowhere it satisfies no ideal.
John Maynard Keynes
The difficulty lies, not in the new ideas, but in escaping from the old ones.
John Maynard Keynes
