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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
Greater
Stills
Still
Would
Contemplate
Contemplating
Foolish
Possibility
Progress
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Once doubt begins it spreads rapidly.
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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.
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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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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 a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.
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If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
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The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse but to do those things which at present are not done at all.
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...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract,... governments are fast rendering impossible a continuance of the social and economic order of the nineteenth century.
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When I find new information I change my mind What do you do?
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The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.
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Ideas shape the course of history.
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How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeois and the intelligentsia who, with whatever faults, are the quality in life and surely carry the seeds of all human advancement?
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Chess is a cure for headaches.
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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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Experience shows that what happens is always the thing against which one has not made provision in advance.
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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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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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I wish I'd drunk more champagne.
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Perhaps it is historically true that no order of society ever perishes save by its own hand.
John Maynard Keynes