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When somebody persuades me I am wrong, I change my mind.

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
Somebody
Wrong
Change
Mind
Persuades

More quotes by John Maynard Keynes

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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.
John Maynard Keynes
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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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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 treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.
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Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
John Maynard Keynes
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I work for a Government I despise for ends I think criminal.
John Maynard Keynes
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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
John Maynard Keynes
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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?
John Maynard Keynes
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Nothing mattered except states of mind, chiefly our own.
John Maynard Keynes
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The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
John Maynard Keynes
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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.
John Maynard Keynes
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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.
John Maynard Keynes
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The study of economics does not seem to require any specialised gifts of an unusually high order.
John Maynard Keynes
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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.
John Maynard Keynes
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By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes
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I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments.
John Maynard Keynes
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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.
John Maynard Keynes
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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.
John Maynard Keynes
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Everything is always decided for reasons other than the real merits of the case
John Maynard Keynes
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Those, who are strongly wedded to what I shall call 'the classical theory', will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right.
John Maynard Keynes