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The Economic Problem...the problem of want and poverty and the economic struggle between classes and nations, is nothing but a frightful muddle, a transitory and unnecessary muddle.
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
Nothing
Unnecessary
Classes
Poverty
Struggle
Economic
Class
Frightful
Nations
Muddle
Problem
Transitory
More quotes by John Maynard Keynes
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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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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In truth, the gold standard is already a barbarous relic.
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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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It is ideas, not vested interests, which are dangerous for good or evil.
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The numeric system was invented to help man to put order in the chaos of the world.
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The forces of the nineteenth century have run their course and are exhausted.
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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
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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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The duty of saving became nine-tenths of virtue and the growth of the cake the object of true 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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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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Like all his type, Newton was wholly aloof from women.
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We will not have any more crashes in our time.
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The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.
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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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The markets are moved by animal spirits, and not by reason.
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The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.
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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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Nothing mattered except states of mind, chiefly our own.
John Maynard Keynes