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But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
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
Whilst
Capital
Reasons
Land
May
Reason
Intrinsic
Scarcity
More quotes by John Maynard Keynes
[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire.
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One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accompli.
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Most men love money and security more, and creation and construction less, as they get older.
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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 boom, not the slump, is the right time for austerity at the Treasury.
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It is better to be roughly right than precisely wrong.
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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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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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The Class war will find me on the side of the educated bourgeoisie.
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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 principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.
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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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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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The duty of saving became nine-tenths of virtue and the growth of the cake the object of true religion.
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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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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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Once doubt begins it spreads rapidly.
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Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
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Like all his type, Newton was wholly aloof from women.
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The considerations upon which expectations of prospective yields are based are partly existing facts which we can assume to be known more or less for certain, and partly future events which can only be forecasted with more or less confidence.
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