John Maynard Keynes
John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes, CB, FBA, was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He built on and greatly refined earlier work on the causes of business cycles, and is widely considered to be one of the most influential economists of the 20th century and the founder of modern macroeconomics. His ideas are the basis for the school of thought known as Keynesian economics and its...
NationalityEnglish
ProfessionEconomist
Date of Birth5 June 1883
But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
Obstinacy can bring only a penalty and no reward.
It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion
The study of economics does not seem to require any specialised gifts of an unusually high order.
I should have drunk more Champagne.
Newton was a judaic monotheist of the school of Maimonides
If we aim deliberately at the impoverishment of Central Europe, vengeance, I dare predict, will not limp.
The forces of the nineteenth century have run their course and are exhausted.
Perhaps a day might come when there would be at last be enough to go round, and when posterity could enter into the enjoyment of our labors.
I believe that the future will learn more from the spirit of Gesell than from that of Marx .
The idea behind stamped money is sound.
... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
I'd rather be vaguely right than precisely wrong.
To suggest social action for the public good to the city London is like discussing The Origin of Species to a Bishop sixty years ago.