Ideas shape the course of history.
JOHN MAYNARD KEYNESIdeas shape the course of history.
JOHN MAYNARD KEYNESThe 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 KEYNESThe decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn’t deliver the goods.
JOHN MAYNARD KEYNESThe study of economics does not seem to require any specialised gifts of an unusually high order.
JOHN MAYNARD KEYNESThere is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
JOHN MAYNARD KEYNESDangerous acts can be done safely in a community which thinks and feels rightly, which would be the way to hell if they were executed by those who think and feel wrongly.
JOHN MAYNARD KEYNESWorldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.
JOHN MAYNARD KEYNESWhenever you save five shillings you put a man out of work for a day.
JOHN MAYNARD KEYNESMorally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement.
JOHN MAYNARD KEYNESWhen the final result is expected to be a compromise, it is often prudent to start from an extreme position.
JOHN MAYNARD KEYNESThe division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.
JOHN MAYNARD KEYNESIt is the duty of the long-term investor to endure great losses with equanimity.
JOHN MAYNARD KEYNESI 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.
JOHN MAYNARD KEYNESWhen somebody persuades me I am wrong, I change my mind.
JOHN MAYNARD KEYNESIt is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
JOHN MAYNARD KEYNESBut whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
JOHN MAYNARD KEYNES