I was suffering from my chronic delusion that one good share is safer than ten bad ones, and I am always forgetting that hardly anyone else shares this particular delusion.
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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Most men love money and security more, and creation and construction less, as they get older.
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Words ought to be a little wild, for they are the assault of thoughts on the unthinking.
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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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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
JOHN MAYNARD KEYNES -
Gold is a relic from a time when government’s were less trustworthy in these matters (currency debasement) than they are now.
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Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
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It is a good thing to make mistakes so long as you’re found out quickly.
JOHN MAYNARD KEYNES -
It is ideas, not vested interests, which are dangerous for good or evil.
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If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
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I believe myself to be writing a book on economic theory which will largely revolutionize – not, I suppose, at once but in the course of the next ten years – the way the world thinks about economic problems.
JOHN MAYNARD KEYNES -
Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.
JOHN MAYNARD KEYNES -
Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all.
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Conservatism leads nowhere; it satisfies no ideal.
JOHN MAYNARD KEYNES -
Nothing mattered except states of mind, chiefly our own.
JOHN MAYNARD KEYNES -
Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.
JOHN MAYNARD KEYNES