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
John Maynard Keynes quotes about
For at least another hundred years we must preÂtend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
Canada is a place of infinite promise. We like the people, and if one ever had to emigrate, this would be the destination, not the U.S.A. The hills, lakes and forests make it a place of peace and repose of the mind, such as one never finds in the U.S.A.
When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exulted some of the most distasteful of human qualities into the highest virtues.
Well, when I get new information, I rethink my position. What, sir, do you do with new information?
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
It's not bringing in the new ideas that's so hard; it's getting rid of the old ones.
The biggest problem is not to let people accept new ideas, but to let them forget the old ones.
Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.
There is nothing so disastrous as a rational investment policy in an irrational world.
If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.
Successful investing is anticipating the anticipations of others.
If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.
Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.