Economics is a very dangerous science.
JOHN MAYNARD KEYNESInvestment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
More John Maynard Keynes Quotes
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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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The engine which drives enterprise is not thrift, but profit.
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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.
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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.
JOHN MAYNARD KEYNES -
An 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 KEYNES -
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.
JOHN MAYNARD KEYNES -
It is Enterprise which build and improves the world’s possessions. If Enterprise is afoot, Wealth accumulates whatever may be happening to Thrift; and if Enterprise is asleep, Wealth decays, whatever Thrift may be doing.
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The study of economics does not seem to require any specialised gifts of an unusually high order.
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The difficulty lies, not in the new ideas, but in escaping from the old ones.
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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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The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive.
JOHN MAYNARD KEYNES -
Logic , like lyrical poetry , is no employment for the middle-aged.
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.
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I work for a Government I despise for ends I think criminal.
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Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.
JOHN MAYNARD KEYNES