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For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.

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
Psychological
Part
Income
Believe
Significant
Wealth
Inequalities
Economy
Incomes
Wisdom
Justification
Politics
Inequality
Liberalism
Social

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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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Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
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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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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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When I find new information I change my mind What do you do?
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Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
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I work for a Government I despise for ends I think criminal.
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Men will not always die quietly.
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When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exulted some of the most distasteful of human qualities into the highest virtues.
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How long will it be necessary to pay City men so entirely out of proportion to what other servants of society commonly receive for performing social services not less useful or difficult?
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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
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Chess is a cure for headaches.
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Like all his type, Newton was wholly aloof from women.
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It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
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The engine which drives enterprise is not thrift, but profit.
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When somebody persuades me I am wrong, I change my mind.
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When my information changes, I alter my conclusions. What do you do, sir?
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The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
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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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All the political parties alike have their origins in past ideas and not in new ideas and none more conspicuously so than the Marxists .
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