If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he… — 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… — 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
It is the duty of the long-term investor to endure great losses with equanimity. — John Maynard Keynes Copy Share Image
Nevertheless, if we contemplate a society with a somewhat stable wage-unit, with national characteristics which determine the propensity to consume and the… — John Maynard Keynes Copy Share Image
“If human nature felt no temptation to take a chance, no satisfaction (profit apart) in constructing a factory, a railway, a mine… — John Maynard Keynes Copy Share Image
Never in history was there a method devised of such efficacy for setting each country's advantage at variance with its neighbours' as… — John Maynard Keynes Copy Share Image
As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums… — John Maynard Keynes Copy Share Image
One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in… — John Maynard Keynes Copy Share Image
Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable. — John Maynard Keynes Copy Share Image
An investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a… — John Maynard Keynes Copy Share Image
The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its… — John Maynard Keynes Copy Share Image
There is nothing so disastrous as a rational investment policy in an irrational world. — John Maynard Keynes Copy Share Image
Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I… — John Maynard Keynes Copy Share Image
It is the long term investor who will in practice come in for the most criticism. For it is the essence of… — John Maynard Keynes Copy Share Image
It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth. — John Maynard Keynes Copy Share Image
The considerations upon which expectations of prospective yields are based are partly existing facts which we can assume to be known more… — John Maynard Keynes Copy Share Image
It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior… — John Maynard Keynes Copy Share Image
It is impossible that the intention of the entrepreneur who has borrowed in order to increase investment can become effective (except in… — John Maynard Keynes Copy Share Image
Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time… — John Maynard Keynes Copy Share Image
The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating… — John Maynard Keynes Copy Share Image
The destruction of the inducement to invest by an excessive liquidity-preference was the outstanding evil, the prime impediment to the growth of… — John Maynard Keynes Copy Share Image
I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and… — John Maynard Keynes Copy Share Image
Experience shows that what happens is always the thing against which one has not made provision in advance. — 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
