Wicksell's old-fashioned liberalism is reminiscent of John Maynard Keynes' attitude toward conscription during World War I. Keynes opposed conscription, but he was… — Mancur Olson Copy Share Image
My only regret in life is that I did not drink more Champagne - John Maynard Keynes Sorrow can be alleviated by… — Thomas Aquinas Copy Share Image
“After the war, when the problem of deficient effective demand seemed to have faded into the background, a fresh question came to… — Joan Robinson Copy Share Image
“At present", Keynes said in 1926, "everything is politics, and nothing policies.” — Richard Davenport-Hines Copy Share Image
I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came… — Joan Robinson Copy Share Image
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in… — Paul Ormerod Copy Share Image
“The analysis of the /General Theory /shows that inflation is a real, not a monetary, phenomenon. It operates in two stages (once… — Joan Robinson Copy Share Image
Notwithstanding all the passionate fulminations of the spokesmen of governments, the inevitable consequences of inflationism and expansionism...are coming to pass. And then,… — Ludwig von Mises Copy Share Image
“There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of… — Henry Hazlitt Copy Share Image
Note for Americans and other aliens: Milton Keynes is a new city approximately halfway between London and Birmingham. It was built to… — Neil Gaiman Copy Share Image
“Instead of using their vastly increased material and technical resources to build a wonder-city, they built slums; and they thought it right… — Richard Davenport-Hines Copy Share Image
“The individualist insists that drastic depressions are the result of credit inflation; (not excessive savings, as the Keynesians would have it) which… — William F. Buckley Jr Copy Share Image
“In some ways the most striking novelty in Keynesian doctrine was that (abstracting from effects on foreign trade) an all-round reduction in… — Joan Robinson Copy Share Image
“In the conditions of this “New World Order,” a crucial part of the contemporary world economy is a criminal economy, in which… — Todor Bombov Copy Share Image
“In the last chapter of the /General Theory, /quoted above,^35 he [Keynes] falls into the fallacy of supposing that there is some… — Joan Robinson Copy Share Image
Ridiculous as our market volatility might seem to an intelligent Martian, it is our reality and everyone loves to trot out the… — Jeremy Grantham Copy Share Image
It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was… — John Kenneth Galbraith Copy Share Image
“The /utility /economists, according to Wicksell, were committed to a “thoroughly revolutionary programme” precisely on this question of distribution of income.^9 Marshall,… — Joan Robinson Copy Share Image
“Weintraub was an excellent student of both microtheory as well as Keynes’s General Theory.” — Paul Davidson Copy Share Image
In Europe and the United States the two decades following the Second World War will for long be remembered as a very… — John Kenneth Galbraith Copy Share Image
Here we have the heart of the difference between Hayek and Keynes: one knew that markets work to give us the best… — Jeffrey Tucker Copy Share Image
“Experiment and reason, tempered by intuition, were to him preferable to solid plodding in the well-trodden paths of experience.” — Richard Davenport-Hines Copy Share Image
I've been a faithful reader of the great classical documents of economics, or tried to be. The first book in the field… — John Kenneth Galbraith Copy Share Image
Keynes was chief economic adviser to the British government and largely responsible for keeping the British economy afloat at a time when… — Freeman Dyson Copy Share Image
Leonard Woolf in a letter to Lytton Strachey said he hated John Maynard Keynes "for his crass stupidity and hideous face". — Leonard Woolf Copy Share Image
