The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.
JOHN MAYNARD KEYNESIt is the long-term investor, who will in practice come in for the most criticism… For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion.
More John Maynard Keynes Quotes
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The destruction of the inducement to invest by an excessive liquidity-preference was the outstanding evil, the prime impediment to the growth of wealth, in the ancient and medieval worlds.
JOHN MAYNARD KEYNES -
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 -
It’s not bringing in the new ideas that’s so hard; it’s getting rid of the old ones.
JOHN MAYNARD KEYNES -
I’d rather be vaguely right than precisely wrong.
JOHN MAYNARD KEYNES -
But the dreams of designing diplomats do not always prosper, and we must trust the future .
JOHN MAYNARD KEYNES -
It is ideas, not vested interests, which are dangerous for good or evil.
JOHN MAYNARD KEYNES -
I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.
JOHN MAYNARD KEYNES -
I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England.
JOHN MAYNARD KEYNES -
Obstinacy can bring only a penalty and no reward.
JOHN MAYNARD KEYNES -
It is a good thing to make mistakes so long as you’re found out quickly.
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 -
When I find new information I change my mind; What do you do?
JOHN MAYNARD KEYNES -
The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn’t deliver the goods.
JOHN MAYNARD KEYNES -
Perhaps it is historically true that no order of society ever perishes save by its own hand.
JOHN MAYNARD KEYNES -
If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
JOHN MAYNARD KEYNES