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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
Contemplating
Foolish
Possibility
Progress
Greater
Stills
Still
Would
Contemplate

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If I am right in supposing it to be comparatively easy to make capital-goods so abundant that the marginal efficiency of capital is zero, this may be the most sensible way of gradually getting rid of many of the objectionable features of capitalism.
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I work for a Government I despise for ends I think criminal.
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There is no harm in being sometimes wrong - especially if one is promptly found out.
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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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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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Investing is an activity of forecasting the yield over the life of the asset speculation is the activity of forecasting the psychology of the market.
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When somebody persuades me I am wrong, I change my mind.
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Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.
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This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.
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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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It is ideas, not vested interests, which are dangerous for good or evil.
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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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Successful investing is anticipating the anticipations of others.
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The key to selecting the winner isn't choosing the face you think is the most beautiful but rather the face other people will pick
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By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
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I was suffering from my chronic delusion that one good share is safer than ten bad ones, and I am always forgetting that hardly anyone else shares this particular delusion.
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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
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The study of economics does not seem to require any specialised gifts of an unusually high order.
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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.
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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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