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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
Classes
Poverty
Struggle
Economic
Frightful
Class
Muddle
Nations
Transitory
Problem
Nothing
Unnecessary
More quotes by John Maynard Keynes
But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
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I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
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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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In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side of a political frontier, and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves and one another and prefer collective animosities to individual happiness.
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If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.
John Maynard Keynes
Conservatism leads nowhere it satisfies no ideal.
John Maynard Keynes
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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The study of economics does not seem to require any specialised gifts of an unusually high order.
John Maynard Keynes
The numeric system was invented to help man to put order in the chaos of the world.
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The love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.
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The engine which drives enterprise is not thrift, but profit.
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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.
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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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A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
John Maynard Keynes
...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract,... governments are fast rendering impossible a continuance of the social and economic order of the nineteenth century.
John Maynard Keynes
It would not be foolish to contemplate the possibility of a far greater progress still.
John Maynard Keynes
Ideas shape the course of history.
John Maynard Keynes
The expected never happens it is the unexpected always.
John Maynard Keynes
It is better to be roughly right than precisely wrong.
John Maynard Keynes
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.
John Maynard Keynes
