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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.
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
Wisdom
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Politics
Fixed
Equitably
Society
Benefits
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Half
Built
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Mankind
Liberalism
Come
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Great
Century
Divided
Never
Economy
Capital
More quotes by John Maynard Keynes
The division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.
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The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion.
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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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Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
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A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
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It is better to be roughly right than precisely wrong.
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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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Obstinacy can bring only a penalty and no reward.
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When somebody persuades me I am wrong, I change my mind.
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It would not be foolish to contemplate the possibility of a far greater progress still.
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Ideas shape the course of history.
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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.
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Chess is a cure for headaches.
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When I find new information I change my mind What do you do?
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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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The Class war will find me on the side of the educated bourgeoisie.
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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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For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
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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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I don't feel the least humble before the vastness of the heavens.
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