“The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems – the problems of life and of human relations, of creation and behavior and religion.”

Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.

Perhaps a day might come when there would be at last be enough to go round, and when posterity could enter into the enjoyment of our labors.

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.

The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.

The businessman is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed to society.

Long run is a misleading guide to current affairs. In the long run we are all dead.

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.

Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.

This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.

For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.

It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true, and that there is no direct relation between the truth of a proposition and its probability. Probability begins and ends with probability.

The duty of “saving” became nine-tenths of virtue and the growth of the cake the object of true religion.

It 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.

In truth, the gold standard is already a barbarous relic.

The difficulty lies, not in the new ideas, but in escaping the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.

Violent people usually express their love of a thing by their hatred of its opposite.

I don’t say we all ought to misbehave, but we ought to look as if we could.

That’s all teaching is; arranging contingencies which bring changes in behavior.

The Constitution was not written to restrain the citizen’s behavior, it was written to restrain the government’s behavior.

Learning is defined as a change in behavior. You haven’t learned a thing until you take action and use it.

We are not just our behavior. We are the person managing our behavior.

A stupid man behaves stupidly, not because he wants to, or tries to, or is motivated to, but simply because he is what he is.

If you really want to apologize to someone, then change your behavior. Thats the best apology.