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Too large a proportion of recent mathematical economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.

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
Lose
Proportion
Pretentious
Rest
Mathematical
Initials
Investing
Assumptions
Unhelpful
Loses
Economics
Recent
Imprecise
Real
Allow
Complexity
Complexities
World
Mere
Assumption
Maze
Sight
Author
Mazes
Large
Symbols
Initial

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I don't feel the least humble before the vastness of the heavens.
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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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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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Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
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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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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?
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We will not have any more crashes in our time.
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The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
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The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
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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.
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The boom, not the slump, is the right time for austerity at the Treasury.
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It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.
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Nothing mattered except states of mind, chiefly our own.
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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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The love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.
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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
John Maynard Keynes
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Adam Smith and Malthus and Ricardo ! There is something about these three figures to evoke more than ordinary sentiments from us their children in the spirit.
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If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.
John Maynard Keynes
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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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Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
John Maynard Keynes