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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
Little
Economic
Economist
Right
Powerful
Philosophers
World
Wrong
Philosopher
Freedom
Generally
Else
Economics
Political
Indeed
Littles
Understood
Economists
Ideas
Democracy
Ruled
More quotes by John Maynard Keynes
The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
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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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[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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Ideas shape the course of history.
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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
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I was suffering from my chronic delusion that one good share is safer than ten bad ones, and I am always forgetting that hardly anyone else shares this particular delusion.
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The Class war will find me on the side of the educated bourgeoisie.
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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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Everything is always decided for reasons other than the real merits of the case
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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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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.
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Men will not always die quietly.
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The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.
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Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
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Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.
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Once doubt begins it spreads rapidly.
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By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
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Chess is a cure for headaches.
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A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
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When my information changes, I alter my conclusions. What do you do, sir?
John Maynard Keynes
