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I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems.
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
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Non-Fiction Writer
Philosopher
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Lord Keynes
Baron Keynes of Tilton
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More quotes by John Maynard Keynes
The duty of saving became nine-tenths of virtue and the growth of the cake the object of true religion.
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The engine which drives enterprise is not thrift, but profit.
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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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The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.
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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.
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The forces of the nineteenth century have run their course and are exhausted.
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Ideas shape the course of history.
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Like all his type, Newton was wholly aloof from women.
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The importance of money flows from it being a link between the present and the future.
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In truth, the gold standard is already a barbarous relic.
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Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
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Chess is a cure for headaches.
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Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
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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 .
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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 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.
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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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Most men love money and security more, and creation and construction less, as they get older.
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... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
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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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