John Maynard
John Maynard
dream design diplomats
But the dreams of designing diplomats do not always prosper, and we must trust the future .
social advantage scarce
I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
cake growth saving
The duty of "saving" became nine-tenths of virtue and the growth of the cake the object of true religion.
atheist character escaping
The great events of history are often due to secular changes in the growth of population and other fundamental economic causes, which, escaping by their gradual character the notice of contemporary observers, are attributed to the follies of statesmen or the fanaticism of atheists .
order creating track
Thus those reformers, who look for a remedy by creating artificial carrying-costs for the money through the device of requiring legal-tender currency to be periodically stamped at a prescribed cost in order to retain its quality as money, or in analogous ways, have been on the right track; and the practical value of their proposals deserves consideration.
evil growth world
The destruction of the inducement to invest by an excessive liquidity-preference was the outstanding evil, the prime impediment to the growth of wealth, in the ancient and medieval worlds.
believe income politics
For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
entrepreneur demand politics
It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.
land may scarcity
But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
rewards penalties obstinacy
Obstinacy can bring only a penalty and no reward.
eye average essence
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
order doe study
The study of economics does not seem to require any specialised gifts of an unusually high order.
should-have drunk should
I should have drunk more Champagne.
school newton
Newton was a judaic monotheist of the school of Maimonides