John Maynard
John Maynard
business temptation might
If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
casinos financial should
It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.
characteristics surroundings mankind
The power to become habituated to his surroundings is a marked characteristic of mankind.
love-is glory neighbor
The glory of the nation you love is a desirable end, — but generally to be obtained at your neighbor's expense.
economics dangerous
Economics is a very dangerous science.
eugenics leader mind
Galton's eccentric, sceptical, observing, flashing, cavalry-leader type of mind led him eventually to become the founder of the most important, significant and, I would add, genuine branch of sociology which exists, namely eugenics.
men order world
The numeric system was invented to help man to put order in the chaos of the world.
trying shapes position
I am trying to re-shape and improve my central position.
wise conservatism ideals
Conservatism leads nowhere; it satisfies no ideal.
wise morbidity possession
The love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.
men august history
What an extraordinary episode in the economic progress of man was that age which came to an end in August 1914.
government sight important
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 inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.
statistics degrees helping
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 that there is no direct relation between the truth of a proposition and its probability. Probability begins and ends with probability.
balance essentials attention
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, and with a monetary system which rigidly links the quantity of money to the stock of the precious metals, it will be essential for the maintenance of prosperity that the authorities should pay close attention to the state of the balance of trade. For a favourable balance, provided it is not too large, will prove extremely stimulating; whilst an unfavourable balance may soon produce a state of persistent depression.