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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.
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
Glory
Pluck
Wind
Economists
Achieve
Smith
Leave
Economist
Alone
Accident
Write
Adam
Specie
Must
Immortality
Pamphlets
Writing
Accidents
Fling
More quotes by John Maynard Keynes
Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
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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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When I find new information I change my mind What do you do?
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Ideas, knowledge, art, hospitality, travel - these are things which should in their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible and above all let finance be primarily national.
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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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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.
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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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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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The importance of money flows from it being a link between the present and the future.
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In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side of a political frontier, and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves and one another and prefer collective animosities to individual happiness.
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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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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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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
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Once doubt begins it spreads rapidly.
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The engine which drives enterprise is not thrift, but profit.
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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.
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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.
John Maynard Keynes
Everything is always decided for reasons other than the real merits of the case
John Maynard Keynes