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This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.

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
Easy
Useless
Flat
Science
Affair
Flats
Death
Storm
Affairs
Running
Seasons
Guide
Tempestuous
Tell
Economics
Current
Misleading
Past
Tasks
Guides
Economists
Long
Ocean
Currents
Mislead
Dead
Task
Economist

More quotes by John Maynard Keynes

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Newton was not the first of the age of reason, he was the last of the magicians.
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Professional investment may be likened to those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole.
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I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
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Experience shows that what happens is always the thing against which one has not made provision in advance.
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The numeric system was invented to help man to put order in the chaos of the world.
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It would not be foolish to contemplate the possibility of a far greater progress still.
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Obstinacy can bring only a penalty and no reward.
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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.
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In truth, the gold standard is already a barbarous relic.
John Maynard Keynes
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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.
John Maynard Keynes
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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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The Class war will find me on the side of the educated bourgeoisie.
John Maynard Keynes
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When my information changes, I alter my conclusions. What do you do, sir?
John Maynard Keynes
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Chess is a cure for headaches.
John Maynard Keynes
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In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side of a political frontier, and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves and one another and prefer collective animosities to individual happiness.
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There is no harm in being sometimes wrong - especially if one is promptly found out.
John Maynard Keynes
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Everything is always decided for reasons other than the real merits of the case
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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 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.
John Maynard Keynes
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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.
John Maynard Keynes