A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as the result of a sudden fluctuation of opinion due to factors which do not… — John Maynard Keynes Copy Share Image
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… — John Maynard Keynes Copy Share Image
Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization. — John Maynard Keynes Copy Share Image
If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at… — John Maynard Keynes Copy Share Image
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. — John Maynard Keynes Copy Share Image
It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true,… — John Maynard Keynes Copy Share Image
Everything is always decided for reasons other than the real merits of the case — John Maynard Keynes Copy Share Image
The power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas — John Maynard Keynes Copy Share Image
It is a good thing to make mistakes so long as you're found out quickly. — John Maynard Keynes Copy Share Image
When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall… — John Maynard Keynes Copy Share Image
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… — John Maynard Keynes Copy Share Image
The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable… — John Maynard Keynes Copy Share Image
I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment. — John Maynard Keynes Copy Share Image
