John Maynard
John Maynard
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
justice political liberty
The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
humble people would-be
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
prudent finals compromise
When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
eye science years
Newton was not the first of the age of reason. He was the last of the magicians, the last of the Babylonians and Sumerians, the last great mind that looked out on the visible and intellectual world with the same eyes as those who began to build our intellectual inheritance rather less than 10,000 years ago.
animal wish different
Businessmen have a different set of delusions from politicians; and need, therefore, different handling. They are, however, much milder than politicians, at the same time allured and terrified by the glare of publicity....You could do anything you like with them, if you would treat them (even the big ones) not as wolves and tigers, but as domestic animals by nature, even though they have been badly brought up and not trained as you would wish.
unexpected expected happens
The expected never happens; it is the unexpected always.
purpose consumers productions
All production is for the purpose of ultimately satisfying a consumer.
economics
I'd rather be vaguely right than precisely wrong.
running risk investors
... 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.
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 .
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.
social advantage scarce
I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
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.