The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
JOHN MAYNARD KEYNESWe will not have any more crashes in our time.
More John Maynard Keynes Quotes
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There is no harm in being sometimes wrong – especially if one is promptly found out.
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Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
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It is the duty of the long-term investor to endure great losses with equanimity.
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When somebody persuades me I am wrong, I change my mind.
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Everything is always decided for reasons other than the real merits of the case.
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Nothing mattered except states of mind, chiefly our own.
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The glory of the nation you love is a desirable end, – but generally to be obtained at your neighbor’s expense.
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Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
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I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
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Whenever you save five shillings you put a man out of work for a day.
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For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
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The division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.
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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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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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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.
JOHN MAYNARD KEYNES