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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
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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
Ideas
Democracy
Ruled
Little
Economic
Economist
Right
Powerful
Philosophers
World
Wrong
Philosopher
Freedom
Generally
Else
Economics
Political
Indeed
Littles
Understood
Economists
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Conservatism leads nowhere it satisfies no ideal.
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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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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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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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I don't feel the least humble before the vastness of the heavens.
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The key to selecting the winner isn't choosing the face you think is the most beautiful but rather the face other people will pick
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Like all his type, Newton was wholly aloof from women.
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Chess is a cure for headaches.
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One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accompli.
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Most men love money and security more, and creation and construction less, as they get older.
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The division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.
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The markets are moved by animal spirits, and not by reason.
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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.
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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.
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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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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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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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Ideas shape the course of history.
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It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion
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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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