It is impossible that the intention of the entrepreneur who has borrowed in order to increase investment can become effective (except in substitution for investment by other entrepreneurs which would have occurred otherwise) at a faster rate than the public… — John Maynard Keynes Copy Share Image
“Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. ... in the field of economic and political philosophy there are not many who are influenced by new theories… — 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
