“For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.”

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

It is ideas, not vested interests, which are dangerous for good or evil.

The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.

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?

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

The engine which drives enterprise is not thrift, but profit.

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.

How long will it be necessary to pay City men so entirely out of proportion to what other servants of society commonly receive for performing social services not less useful or difficult?

The study of economics does not seem to require any specialised gifts of an unusually high order.

It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.

There is no harm in being sometimes wrong – especially if one is promptly found out.

Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.

I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.

The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.

Successful investing is anticipating the anticipations of others.

Logic , like lyrical poetry , is no employment for the middle-aged.