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Experience shows that what happens is always the thing against which one has not made provision in advance.

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
Always
Provision
Advance
Investing
Experience
Shows
Happens
Thing
Made

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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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The division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.
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Adam Smith and Malthus and Ricardo ! There is something about these three figures to evoke more than ordinary sentiments from us their children in the spirit.
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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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What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!
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In truth, the gold standard is already a barbarous relic.
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The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.
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Like all his type, Newton was wholly aloof from women.
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The Economic Problem...the problem of want and poverty and the economic struggle between classes and nations, is nothing but a frightful muddle, a transitory and unnecessary muddle.
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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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It would not be foolish to contemplate the possibility of a far greater progress still.
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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
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Conservatism leads nowhere it satisfies no ideal.
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It is ideas, not vested interests, which are dangerous for good or evil.
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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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