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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.
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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More quotes by John Maynard Keynes
Newton was not the first of the age of reason, he was the last of the magicians.
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
Perhaps it is historically true that no order of society ever perishes save by its own hand.
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
I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
John Maynard Keynes
I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
John Maynard Keynes
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.
John Maynard Keynes
I work for a Government I despise for ends I think criminal.
John Maynard Keynes
The forces of the nineteenth century have run their course and are exhausted.
John Maynard Keynes
The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
John Maynard Keynes
When my information changes, I alter my conclusions. What do you do, sir?
John Maynard Keynes
The destruction of the inducement to invest by an excessive liquidity-preference was the outstanding evil, the prime impediment to the growth of wealth, in the ancient and medieval worlds.
John Maynard Keynes
But my lord, when we addressed this issue a few years ago, didn't you argue the other side? He said, That's true, but when I get more evidence I sometimes change my mind. What do you do?
John Maynard Keynes
It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.
John Maynard Keynes
The numeric system was invented to help man to put order in the chaos of the world.
John Maynard Keynes
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.
John Maynard Keynes
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.
John Maynard Keynes
Obstinacy can bring only a penalty and no reward.
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
[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.
John Maynard Keynes
