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The numeric system was invented to help man to put order in the chaos of the world.
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
World
Invented
Chaos
System
Help
Helping
Order
Men
More quotes by John Maynard Keynes
Those, who are strongly wedded to what I shall call 'the classical theory', will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right.
John Maynard Keynes
I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.
John Maynard Keynes
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.
John Maynard Keynes
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
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.
John Maynard Keynes
The avoidance of taxes is the only intellectual pursuit that still carries any reward.
John Maynard Keynes
Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
John Maynard Keynes
It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion
John Maynard Keynes
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.
John Maynard Keynes
But my lord, when we addressed this issue a few years ago, didn't you argue the other side? He said, That's true, but when I get more evidence I sometimes change my mind. What do you do?
John Maynard Keynes
It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.
John Maynard Keynes
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.
John Maynard Keynes
It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
John Maynard Keynes
Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
John Maynard Keynes
When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
John Maynard Keynes
When somebody persuades me I am wrong, I change my mind.
John Maynard Keynes
Experience shows that what happens is always the thing against which one has not made provision in advance.
John Maynard Keynes
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
John Maynard Keynes
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
John Maynard Keynes
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
John Maynard Keynes