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It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
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
Particularly
Thinks
Alone
Long
Believe
Temporarily
Things
Astonishing
Thinking
Foolish
Economics
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Perhaps it is historically true that no order of society ever perishes save by its own hand.
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It is ideas, not vested interests, which are dangerous for good or evil.
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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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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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When I find new information I change my mind What do you do?
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Newton was not the first of the age of reason, he was the last of the magicians.
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It is better to be roughly right than precisely wrong.
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Chess is a cure for headaches.
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There is no harm in being sometimes wrong - especially if one is promptly found out.
John Maynard Keynes
When somebody persuades me I am wrong, I change my mind.
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The numeric system was invented to help man to put order in the chaos of the world.
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The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive.
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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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Conservatism leads nowhere it satisfies no ideal.
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[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire.
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The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
John Maynard Keynes
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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The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
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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.
John Maynard Keynes
Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement.
John Maynard Keynes
