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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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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
Made
Capitalism
Objectionable
Way
Sight
Attaining
Think
System
Wisely
Thinking
Probably
Managed
Ways
Alternative
Economic
Efficient
Ends
Alternatives
Many
Extremely

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The forces of the nineteenth century have run their course and are exhausted.
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It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.
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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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Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.
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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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It is better to be roughly right than precisely wrong.
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There is no harm in being sometimes wrong - especially if one is promptly found out.
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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.
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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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