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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
Society
Benefits
Accumulations
Half
Built
Accumulation
War
Mankind
Liberalism
Come
Wealth
Immense
Great
Century
Divided
Never
Economy
Capital
Wisdom
Benefit
Politics
Fixed
Equitably
More quotes by John Maynard Keynes
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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Newton was not the first of the age of reason, he was the last of the magicians.
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The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse but to do those things which at present are not done at all.
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Like all his type, Newton was wholly aloof from women.
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But my lord, when we addressed this issue a few years ago, didn't you argue the other side? He said, That's true, but when I get more evidence I sometimes change my mind. What do you do?
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If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.
John Maynard Keynes
Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
John Maynard Keynes
The forces of the nineteenth century have run their course and are exhausted.
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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 astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
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How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeois and the intelligentsia who, with whatever faults, are the quality in life and surely carry the seeds of all human advancement?
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The numeric system was invented to help man to put order in the chaos of the world.
John Maynard Keynes
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
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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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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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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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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
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Successful investing is anticipating the anticipations of others.
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The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.
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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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