John Maynard Keynes ✓

(1883–1946) non-fiction writer

126 quotes in 1557 categories

[Wikidata] British economist (1883–1946)... | [Wikipedia] John Maynard Keynes, 1st Baron Keynes, was an English economist whose writings are considered the basis for the school of thought known as Keynesian economics, as well as its various offshoots. Originally trained in mathematics, he built on and refined earlier work on the causes of business cycles.

All John Maynard Keynes Quotes

• I do not know which makes a man more conservative - to know nothing but the present, or nothing but the past. Conservative
• Nevertheless, if we contemplate a society with a somewhat stable wage-unit, with national characteristics which determine the propensity to consume and the preference for liquidity,… Attention
• It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true, and… Been
• When my information changes, I alter my conclusions. What do you do, sir? Alter
• Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally. Better
• 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… Arbitrarily
• The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little… All
• I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course… Believe
• It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics. Alone
• Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market. Activity
• The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent and indissoluble, like… Cause
• I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking… Ago
• In truth, the gold standard is already a barbarous relic. Barbarous
• The markets are moved by animal spirits, and not by reason. Animal
• There is no harm in being sometimes wrong - especially if one is promptly found out. Especially
• The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed. Banker
• The Class war will find me on the side of the educated bourgeoisie. Bourgeoisie
• The biggest problem is not to let people accept new ideas, but to let them forget the old ones. Accept
• The expected never happens; it is the unexpected always. Expected
• If you owe your banker a thousand pounds, you are at his mercy. If you owe your banker a million pounds, he is at your… Banker
• The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of… All
• Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up… Brought
• There is nothing so disastrous as a rational investment policy in an irrational world. Disastrous
• Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the… Argument
• Experience shows that what happens is always the thing against which one has not made provision in advance. Advance

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