It is better to be roughly right than precisely wrong.
JOHN MAYNARD KEYNESIt economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.
More John Maynard Keynes Quotes
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It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
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Ideas shape the course of history.
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Like all his type, Newton was wholly aloof from women.
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Obstinacy can bring only a penalty and no reward.
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Dangerous 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.
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It’s not bringing in the new ideas that’s so hard; it’s getting rid of the old ones.
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One’s knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.
JOHN MAYNARD KEYNES -
Markets can remain irrational longer than you can remain solvent.
JOHN MAYNARD KEYNES -
By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.
JOHN MAYNARD KEYNES -
Whenever you save five shillings you put a man out of work for a day.
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To suggest social action for the public good to the city London is like discussing The Origin of Species to a Bishop sixty years ago.
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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
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The numeric system was invented to help man to put order in the chaos of the world.
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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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To our generation Einstein has been made to become a double symbol – a symbol of the mind travelling in the cold regions of space, and a symbol of the brave and generous outcast, pure in heart and cheerful of spirit.
JOHN MAYNARD KEYNES