The biggest problem is not to let people accept new ideas, but to let them forget the old ones.
JOHN MAYNARD KEYNESThe biggest problem is not to let people accept new ideas, but to let them forget the old ones.
JOHN MAYNARD KEYNESWorldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.
JOHN MAYNARD KEYNESThe political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
JOHN MAYNARD KEYNESI am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
JOHN MAYNARD KEYNESThe ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
JOHN MAYNARD KEYNESAn investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if at all, with borrowed money.
JOHN MAYNARD KEYNESWords ought to be a little wild, for they are the assault of thoughts on the unthinking.
JOHN MAYNARD KEYNESA speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
JOHN MAYNARD KEYNESThe study of economics does not seem to require any specialised gifts of an unusually high order.
JOHN MAYNARD KEYNESAll production is for the purpose of ultimately satisfying a consumer.
JOHN MAYNARD KEYNESThe right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.
JOHN MAYNARD KEYNESThere is no harm in being sometimes wrong – especially if one is promptly found out.
JOHN MAYNARD KEYNESIt would be foolish, in forming our expectations, to attach great weight to matters which are very uncertain.
JOHN MAYNARD KEYNESA study of the history of opinion is a necessary preliminary to the emancipation of the mind.
JOHN MAYNARD KEYNESI think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.
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