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 KEYNESThe 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 KEYNESI 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 KEYNESThe ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
JOHN MAYNARD KEYNESThe 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 KEYNESThe 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.
JOHN MAYNARD KEYNESNothing mattered except states of mind, chiefly our own.
JOHN MAYNARD KEYNESAll the political parties alike have their origins in past ideas and not in new ideas and none more conspicuously so than the Marxists .
JOHN MAYNARD KEYNESIt is better to be roughly right than precisely wrong.
JOHN MAYNARD KEYNESMarkets can remain irrational longer than you can remain solvent.
JOHN MAYNARD KEYNESThe 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.
JOHN MAYNARD KEYNESWhen the facts change, I change my mind.
JOHN MAYNARD KEYNESIt is better that a man should tyrannize over his bank balance than over his fellow-citizens.
JOHN MAYNARD KEYNESThe expected never happens; it is the unexpected always.
JOHN MAYNARD KEYNESAmericans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
JOHN MAYNARD KEYNESThe 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 KEYNESFor my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
JOHN MAYNARD KEYNES