John Maynard
John Maynard
business slumps found
The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.
depression great-depression crash
We will not have any more crashes in our time.
gold standards relics
In truth, the gold standard is already a barbarous relic.
thinking hands years
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 twenty years ago.
country jobs done
When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done
prudent finals compromise
When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
inspirational business past
Words ought to be a little wild, for they are the assaults of thoughts on the unthinking.
sometimes harm found
There is no harm in being sometimes wrong - especially if one is promptly found out.
country gold silver
Never in history was there a method devised of such efficacy for setting each country's advantage at variance with its neighbours' as the international gold (or, formerly, silver) standard.
running ocean past
This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.
education lying escaping
The difficulty lies, not in the new ideas, but in escaping the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.
government taxation regulation
Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
letting-go art business
Ideas, knowledge, art, hospitality, travel - these are things which should in their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible and above all let finance be primarily national.
country numbers eugenics
The time has already come when each country needs a considered national policy about what size of population, whether larger or smaller than at present or the same, is most expedient. And having settled this policy, we must take steps to carry it into operation. The time may arrive a little later when the community as a whole must pay attention to the innate quality as well as to the mere numbers of its future members.