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I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
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
Sure
Interest
Encroachment
Power
Vested
Ideas
Vastly
Gradual
Exaggerated
Compared
Interests
More quotes by John Maynard Keynes
When somebody persuades me I am wrong, I change my mind.
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The expected never happens it is the unexpected always.
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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 engine which drives enterprise is not thrift, but profit.
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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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Newton was not the first of the age of reason, he was the last of the magicians.
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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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Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
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Experience shows that what happens is always the thing against which one has not made provision in advance.
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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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The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive.
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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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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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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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It is Enterprise which build and improves the world's possessions...If Enterprise is afoot, Wealth accumulates whatever may be happening to Thrift and if Enterprise is asleep, Wealth decays, whatever Thrift may be doing.
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When my information changes, I alter my conclusions. What do you do, sir?
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I wish I'd drunk more champagne.
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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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The numeric system was invented to help man to put order in the chaos of the world.
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