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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
Thinking
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Managed
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Alternative
Economic
Efficient
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Many
Extremely
Made
Capitalism
Objectionable
Way
Sight
Attaining
Think
System
Wisely
More quotes by John Maynard Keynes
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
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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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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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Nothing mattered except states of mind, chiefly our own.
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Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all.
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The Class war will find me on the side of the educated bourgeoisie.
John Maynard Keynes
Successful investing is anticipating the anticipations of others.
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The businessman is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed to society.
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Obstinacy can bring only a penalty and no reward.
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When somebody persuades me I am wrong, I change my mind.
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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.
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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
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All the political parties alike have their origins in past ideas and not in new ideas and none more conspicuously so than the Marxists .
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Like all his type, Newton was wholly aloof from women.
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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.
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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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The duty of saving became nine-tenths of virtue and the growth of the cake the object of true religion.
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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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I can't remember my telephone number, but I know it was in the high numbers.
John Maynard Keynes
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.
John Maynard Keynes