Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
JOHN MAYNARD KEYNESPractical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.
More John Maynard Keynes Quotes
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Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
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Nothing mattered except states of mind, chiefly our own.
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A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
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Everything is always decided for reasons other than the real merits of the case.
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It is better to be roughly right than precisely wrong.
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Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
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The study of economics does not seem to require any specialised gifts of an unusually high order.
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In the long run we are all dead.
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But my lord, when we addressed this issue a few years ago, didn’t you argue the other side?” He said, “That’s true, but when I get more evidence I sometimes change my mind. What do you do?
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But the dreams of designing diplomats do not always prosper, and we must trust the future .
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I was suffering from my chronic delusion that one good share is safer than ten bad ones, and I am always forgetting that hardly anyone else shares this particular delusion.
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For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
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I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England.
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Obstinacy can bring only a penalty and no reward.
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When somebody persuades me I am wrong, I change my mind.
JOHN MAYNARD KEYNES