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I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments.

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
State
Advantage
Capital
Social
General
Directly
Political
Taking
Goods
States
Position
Basis
Marginal
Ever
Views
Bases
Calculate
Long
Philosophy
Economics
Investments
Responsibility
Investment
Organizing
Greater
Expect
Efficiency

More quotes by John Maynard Keynes

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If I am right in supposing it to be comparatively easy to make capital-goods so abundant that the marginal efficiency of capital is zero, this may be the most sensible way of gradually getting rid of many of the objectionable features of capitalism.
John Maynard Keynes
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The markets are moved by animal spirits, and not by reason.
John Maynard Keynes
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In truth, the gold standard is already a barbarous relic.
John Maynard Keynes
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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.
John Maynard Keynes
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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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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
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Like all his type, Newton was wholly aloof from women.
John Maynard Keynes
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The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
John Maynard Keynes
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When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
John Maynard Keynes
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For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
John Maynard Keynes
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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
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It is impossible that the intention of the entrepreneur who has borrowed in order to increase investment can become effective (except in substitution for investment by other entrepreneurs which would have occurred otherwise) at a faster rate than the public decide to increase their savings
John Maynard Keynes
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The great events of history are often due to secular changes in the growth of population and other fundamental economic causes, which, escaping by their gradual character the notice of contemporary observers, are attributed to the follies of statesmen or the fanaticism of atheists .
John Maynard Keynes
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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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Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
John Maynard Keynes
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I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.
John Maynard Keynes
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Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
John Maynard Keynes
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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
John Maynard Keynes
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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.
John Maynard Keynes
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How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeois and the intelligentsia who, with whatever faults, are the quality in life and surely carry the seeds of all human advancement?
John Maynard Keynes