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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
Politics
Inequality
Social
Liberalism
Part
Psychological
Believe
Income
Significant
Wealth
Inequalities
Economy
Incomes
Wisdom
Justification
More quotes by John Maynard Keynes
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.
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I was suffering from my chronic delusion that one good share is safer than ten bad ones, and I am always forgetting that hardly anyone else shares this particular delusion.
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Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.
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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.
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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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What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!
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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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When my information changes, I alter my conclusions. What do you do, sir?
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The engine which drives enterprise is not thrift, but profit.
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Investing is an activity of forecasting the yield over the life of the asset speculation is the activity of forecasting the psychology of the market.
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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 political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
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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
I can't remember my telephone number, but I know it was in the high numbers.
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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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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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The difficulty lies, not in the new ideas, but in escaping from the old ones.
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Like all his type, Newton was wholly aloof from women.
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Once doubt begins it spreads rapidly.
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The destruction of the inducement to invest by an excessive liquidity-preference was the outstanding evil, the prime impediment to the growth of wealth, in the ancient and medieval worlds.
John Maynard Keynes