---
title: "22 Economic Quotes By John Maynard Keynes"
description: "22 Economic quotes by John Maynard Keynes. Plus more from John Maynard Keynes and more Economic sayings from other authors."
image: "https://sms4smile.com/quotes/i/dbd/john-maynard-keynes-1380_care_economic-privation-proceeds-by-easy-stag_536824.png"
---

> [Economic privation proceeds by easy stages, and so long as men suffer it patiently the outside world cares little.](https://sms4smile.com/quotes/john-maynard-keynes/economic-privation-proceeds-by-easy-stages-and-so-long-as-men-suffer/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/dbd/john-maynard-keynes-1380_care_economic-privation-proceeds-by-easy-stag_536824.png)

> [The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.](https://sms4smile.com/quotes/john-maynard-keynes/the-political-problem-of-mankind-is-to-combine-three-things-economic/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/797/john-maynard-keynes-1380_economic_the-political-problem-of-mankind-is-to-c_2462991.png)

> [Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but…](https://sms4smile.com/quotes/john-maynard-keynes/morally-and-philosophically-i-find-myself-in-agreement-with-virtually/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/7e0/john-maynard-keynes-1380_agreement_morally-and-philosophically-i-find-mysel_2362159.png)

> [What an extraordinary episode in the economic progress of man was that age which came to an end in August 1914.](https://sms4smile.com/quotes/john-maynard-keynes/what-an-extraordinary-episode-in-the-economic-progress-of-man-was/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/270/john-maynard-keynes-1380_age_what-an-extraordinary-episode-in-the-eco_1417849.png)

> [I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject…](https://sms4smile.com/quotes/john-maynard-keynes/i-find-myself-more-and-more-relying-for-a-solution-of-our-problems-on/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/614/john-maynard-keynes-1380_economic_i-find-myself-more-and-more-relying-for_2969904.png)

> [The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary…](https://sms4smile.com/quotes/john-maynard-keynes/the-outstanding-faults-of-the-economic-society-in-which-we-live-are/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/30c/john-maynard-keynes-1380_arbitrary_the-outstanding-faults-of-the-economic-s_138275.png)

> [The Economic Problem...the problem of want and poverty and the economic struggle between classes and nations, is nothing but a frightful muddle,…](https://sms4smile.com/quotes/john-maynard-keynes/the-economic-problem-the-problem-of-want-and-poverty-and-the-economic/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/190/john-maynard-keynes-1380_capitalism_the-economic-problem-the-problem-of-want_2024963.png)

> [What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!](https://sms4smile.com/quotes/john-maynard-keynes/what-an-extraordinary-episode-in-the-economic-progress-of-man-that-2/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/b21/john-maynard-keynes-1380_age_what-an-extraordinary-episode-in-the-eco_2180867.png)

> [The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is…](https://sms4smile.com/quotes/john-maynard-keynes/the-ideas-of-economists-and-political-philosophers-both-when-they-are/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/a11/john-maynard-keynes-1380_democracy_the-ideas-of-economists-and-political-ph_2196125.png)

> [The great events of history are often due to secular changes in the growth of population and other fundamental economic causes, which,…](https://sms4smile.com/quotes/john-maynard-keynes/the-great-events-of-history-are-often-due-to-secular-changes-in-the/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/ba7/john-maynard-keynes-1380_atheist_the-great-events-of-history-are-often-du_2218891.jpg)

> [ \[T\]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to… ](https://sms4smile.com/quotes/john-maynard-keynes/t-he-theory-of-output-as-a-whole-which-is-what-the-following-book/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/e6d/john-maynard-keynes-1380_adapted_t-he-theory-of-output-as-a-whole-which-i_2448131.png)

> [In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side…](https://sms4smile.com/quotes/john-maynard-keynes/in-a-regime-of-free-trade-and-free-economic-intercourse-it-would-be/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/b30/john-maynard-keynes-1380_animosity_in-a-regime-of-free-trade-and-free-econo_2699250.png)

> [I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in…](https://sms4smile.com/quotes/john-maynard-keynes/i-think-that-capitalism-wisely-managed-can-probably-be-made-more/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/9e9/john-maynard-keynes-1380_alternatives_i-think-that-capitalism-wisely-managed-c_3052090.png)

> [I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but…](https://sms4smile.com/quotes/john-maynard-keynes/i-believe-myself-to-be-writing-a-book-on-economic-theory-which-will/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/abf/john-maynard-keynes-1380_believe_i-believe-myself-to-be-writing-a-book-on_1580617.png)

> [...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and…](https://sms4smile.com/quotes/john-maynard-keynes/by-combining-a-popular-hatred-of-the-class-of-entrepreneurs-with-the/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/61d/john-maynard-keynes-1380_arbitrary_by-combining-a-popular-hatred-of-the-cla_3020767.png)

> [The day is not far off when the economic problem will take the back seat where it belongs, and the arena of…](https://sms4smile.com/quotes/john-maynard-keynes/the-day-is-not-far-off-when-the-economic-problem-will-take-the-back/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/938/john-maynard-keynes-1380_arena_the-day-is-not-far-off-when-the-economic_2261038.jpg)

> [Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a…](https://sms4smile.com/quotes/john-maynard-keynes/lenin-is-said-to-have-declared-that-the-best-way-to-destroy-the/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/3a2/john-maynard-keynes-1380_arbitrary_lenin-is-said-to-have-declared-that-the_2150012.png)

> [It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor…](https://sms4smile.com/quotes/john-maynard-keynes/it-is-preferable-to-regard-labour-including-of-course-the-personal/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/283/john-maynard-keynes-1380_able_it-is-preferable-to-regard-labour-includ_1227575.jpg)

> [Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . .…](https://sms4smile.com/quotes/john-maynard-keynes/lenin-is-said-to-have-declared-that-the-best-way-to-destroy-the-3/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/8ef/john-maynard-keynes-1380_banking-system_lenin-is-said-to-have-declared-that-the_3153865.png)

> [Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.](https://sms4smile.com/quotes/john-maynard-keynes/government-machinery-has-been-described-as-a-marvelous-labor-saving/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/aaf/john-maynard-keynes-1380_devices_government-machinery-has-been-described_1558567.png)

> [If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.](https://sms4smile.com/quotes/john-maynard-keynes/if-you-owe-your-bank-a-hundred-pounds-you-have-a-problem-but-if-you/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/935/john-maynard-keynes-1380_banking_if-you-owe-your-bank-a-hundred-pounds-yo_2867149.png)

> [Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy…](https://sms4smile.com/quotes/john-maynard-keynes/unlike-physics-for-example-such-parts-of-the-bare-bones-of-economic/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/3ce/john-maynard-keynes-1380_bones_unlike-physics-for-example-such-parts-of_3067541.png)

## Other authors on Economic

## More by John Maynard Keynes

> [Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization.](https://sms4smile.com/quotes/john-maynard-keynes/once-we-allow-ourselves-to-be-disobedient-to-the-test-of-an/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at…](https://sms4smile.com/quotes/john-maynard-keynes/if-you-owe-your-bank-manager-a-thousand-pounds-you-are-at-his-mercy/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.](https://sms4smile.com/quotes/john-maynard-keynes/there-is-no-subtler-no-surer-means-of-overturning-the-existing-basis/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true,…](https://sms4smile.com/quotes/john-maynard-keynes/it-has-been-pointed-out-already-that-no-knowledge-of-probabilities/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [Everything is always decided for reasons other than the real merits of the case](https://sms4smile.com/quotes/john-maynard-keynes/everything-is-always-decided-for-reasons-other-than-the-real-merits/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [In the long run we are all dead.](https://sms4smile.com/quotes/john-maynard-keynes/in-the-long-run-we-are-all-dead/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [The power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas](https://sms4smile.com/quotes/john-maynard-keynes/the-power-of-vested-interests-is-vastly-exaggerated-compared-with-the/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [It is a good thing to make mistakes so long as you're found out quickly.](https://sms4smile.com/quotes/john-maynard-keynes/it-is-a-good-thing-to-make-mistakes-so-long-as-you-re-found-out/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall…](https://sms4smile.com/quotes/john-maynard-keynes/when-the-accumulation-of-wealth-is-no-longer-of-high-social/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive…](https://sms4smile.com/quotes/john-maynard-keynes/of-the-maxims-of-orthodox-finance-none-surely-is-more-anti-social/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable…](https://sms4smile.com/quotes/john-maynard-keynes/the-outstanding-faults-of-the-economic-society-in-which-we-live-are/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.](https://sms4smile.com/quotes/john-maynard-keynes/i-conceive-therefore-that-a-somewhat-comprehensive-socialisation-of/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.](https://sms4smile.com/quotes/john-maynard-keynes/capitalism-is-the-astounding-belief-that-the-most-wickedest-of-men/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [Economics is a very dangerous science.](https://sms4smile.com/quotes/john-maynard-keynes/economics-is-a-very-dangerous-science/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

> [Whenever you save five shillings you put a man out of work for a day.](https://sms4smile.com/quotes/john-maynard-keynes/whenever-you-save-five-shillings-you-put-a-man-out-of-work-for-a-day/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

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                        "text": "The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.",
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                        "text": "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.",
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                        "text": "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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                        "text": "[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire.",
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                        "text": "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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                        "text": "I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.",
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                        "text": "...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.",
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                        "text": "The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion.",
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                        "text": "Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.",
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                        "text": "It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.",
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                        "text": "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.",
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                        "text": "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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                        "text": "If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.",
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