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It would not be foolish to contemplate the possibility of a far greater progress still.

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
Possibility
Progress
Greater
Stills
Still
Would
Contemplate
Contemplating
Foolish

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There is no harm in being sometimes wrong - especially if one is promptly found out.
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When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
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I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
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The boom, not the slump, is the right time for austerity at the Treasury.
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Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
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When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exulted some of the most distasteful of human qualities into the highest virtues.
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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.
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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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Too large a proportion of recent mathematical economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.
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Men will not always die quietly.
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Everything is always decided for reasons other than the real merits of the case
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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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It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
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I work for a Government I despise for ends I think criminal.
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It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.
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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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It is ideas, not vested interests, which are dangerous for good or evil.
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Once doubt begins it spreads rapidly.
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