In the long run we are all dead.
JOHN MAYNARD KEYNESIt’s not bringing in the new ideas that’s so hard; it’s getting rid of the old ones.
More John Maynard Keynes Quotes
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The engine which drives enterprise is not thrift, but profit.
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The markets are moved by animal spirits, and not by reason.
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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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Never in history was there a method devised of such efficacy for setting each country’s advantage at variance with its neighbours’ as the international gold (or, formerly, silver) standard.
JOHN MAYNARD KEYNES -
The study of economics does not seem to require any specialised gifts of an unusually high order.
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The 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.
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The atomic hypothesis which had worked so splendidly in Physics breaks down in Psychics.
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The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
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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.
JOHN MAYNARD KEYNES -
I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
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The treasury could fill old bottles with banknotes and bury them, and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.
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Men will not always die quietly.
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But the dreams of designing diplomats do not always prosper, and we must trust the future .
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When the facts change, I change my mind.
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It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.
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It is the duty of the long-term investor to endure great losses with equanimity.
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Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.
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Successful investing is anticipating the anticipations of others.
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Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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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.
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The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.
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The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.
JOHN MAYNARD KEYNES -
The power to become habituated to his surroundings and therefore to no longer be grateful for what is good in it is a marked characteristic of mankind and needs to be fought against if a person is to be happy.
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When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
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The numeric system was invented to help man to put order in the chaos of the world.
JOHN MAYNARD KEYNES