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.

JOHN MAYNARD KEYNES

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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.

John Maynard Keynes

Related Topics

Bagwalas

The considerations upon which expectations of prospective yields are based are partly existing facts which we can assume to be known more or less for certain, and partly future events which can only be forecasted with more or less confidence.

JOHN MAYNARD KEYNES

The considerations upon which expectations of prospective yields are based are partly existing facts which we can assume to be known more or less for certain, and partly future events which can only be forecasted with more or less confidence.
JOHN MAYNARD KEYNES

Forecast Known Prediction
Long run is a misleading guide to current affairs. In the long run we are all dead.

JOHN MAYNARD KEYNES

Long run is a misleading guide to current affairs. In the long run we are all dead.
JOHN MAYNARD KEYNES

Affair
Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

JOHN MAYNARD KEYNES

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.
JOHN MAYNARD KEYNES

Convention
Everything is always decided for reasons other than the real merits of the case.

JOHN MAYNARD KEYNES

Everything is always decided for reasons other than the real merits of the case.
JOHN MAYNARD KEYNES

Case
The difficulty lies, not in the new ideas, but in escaping from the old ones.

JOHN MAYNARD KEYNES

The difficulty lies, not in the new ideas, but in escaping from the old ones.
JOHN MAYNARD KEYNES

Escape
The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive.

JOHN MAYNARD KEYNES

The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive.
JOHN MAYNARD KEYNES

General
All production is for the purpose of ultimately satisfying a consumer.

JOHN MAYNARD KEYNES

All production is for the purpose of ultimately satisfying a consumer.
JOHN MAYNARD KEYNES

Consumer
I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.

JOHN MAYNARD KEYNES

I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
JOHN MAYNARD KEYNES
Words ought to be a little wild, for they are the assault of thoughts on the unthinking.

JOHN MAYNARD KEYNES

Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
JOHN MAYNARD KEYNES

Word
It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.

JOHN MAYNARD KEYNES

It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.
JOHN MAYNARD KEYNES
The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.

JOHN MAYNARD KEYNES

The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.
JOHN MAYNARD KEYNES

Excessive National
If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised; whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.

JOHN MAYNARD KEYNES

If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised; whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.
JOHN MAYNARD KEYNES

Optimism
Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.

JOHN MAYNARD KEYNES

Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
JOHN MAYNARD KEYNES
The power to become habituated to his surroundings is a marked characteristic of mankind.

JOHN MAYNARD KEYNES

The power to become habituated to his surroundings is a marked characteristic of mankind.
JOHN MAYNARD KEYNES

Habitat
Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.

JOHN MAYNARD KEYNES

Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
JOHN MAYNARD KEYNES
It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.

JOHN MAYNARD KEYNES

It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.
JOHN MAYNARD KEYNES

Conclusion Drawing Mindset

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