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 KEYNESThere is no harm in being sometimes wrong – especially if one is promptly found out.
More John Maynard Keynes Quotes
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In truth, the gold standard is already a barbarous relic.
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The forces of the nineteenth century have run their course and are exhausted.
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When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.
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Whenever you save five shillings you put a man out of work for a day.
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But my lord, when we addressed this issue a few years ago, didn’t you argue the other side?” He said, “That’s true, but when I get more evidence I sometimes change my mind. What do you do?
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I do not know which makes a man more conservative – to know nothing but the present, or nothing but the past.
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If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.
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The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.
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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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When somebody persuades me I am wrong, I change my mind.
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Logic , like lyrical poetry , is no employment for the middle-aged.
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In the long run we are all dead.
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I believe that the future will learn more from the spirit of Gesell than from that of Marx .
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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.
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Experience shows that what happens is always the thing against which one has not made provision in advance.
JOHN MAYNARD KEYNES