John Maynard Keynes Quotes: top 100 famous quotes about John Maynard Keynes

John Maynard Keynes Quotes & Sayings

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The engine which drives enterprise is not thrift, but profit. — John Maynard Keynes

The importance of money flows from it being a link between the present and the future. — John Maynard Keynes

I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas. — John Maynard Keynes

But the dreams of designing diplomats do not always prosper, and we must trust the future . — John Maynard Keynes

Ideas shape the course of history. — John Maynard Keynes

Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable. — John Maynard Keynes

Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone. — John Maynard Keynes

By this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft. — John Maynard Keynes

I am trying to re-shape and improve my central position. — John Maynard Keynes

I do not know which makes a man more conservative - to know nothing but the present, or nothing but the past. — John Maynard Keynes

When the facts change, I change my mind — John Maynard Keynes

Well, when I get new information, I rethink my position. What, sir, do you do with new information? — John Maynard Keynes

A study of the history of opinion is a necessary preliminary to the emancipation of the mind. — John Maynard Keynes

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid. — John Maynard Keynes

Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be. — John Maynard Keynes

I wish I'd drunk more champagne. — John Maynard Keynes

When my information changes, I alter my conclusions. What do you do, sir? — John Maynard Keynes

For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth. — John Maynard Keynes

The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first. — John Maynard Keynes

In this autumn of 1919, in which I write, we are at the dead season of our fortunes. — John Maynard Keynes

I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment. — John Maynard Keynes

It is a good thing to make mistakes so long as you're found out quickly. — John Maynard Keynes

Chess is a cure for headaches. — John Maynard Keynes

I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce. — John Maynard Keynes

When I find new information I change my mind; What do you do? — John Maynard Keynes

It would be foolish, in forming our expectations, to attach great weight to matters which are very uncertain. — John Maynard Keynes

I believe that the future will learn more from the spirit of Gesell than from that of Marx . — John Maynard Keynes

Perhaps a day might come when there would be at last be enough to go round, and when posterity could enter into the enjoyment of our labors. — John Maynard Keynes

Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed. — John Maynard Keynes

All production is for the purpose of ultimately satisfying a consumer. — John Maynard Keynes

There is no harm in being sometimes wrong - especially if one is promptly found out. — John Maynard Keynes

Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market. — John Maynard Keynes

The insane and irrational springs of wickedness in most men ... — John Maynard Keynes

Most men love money and security more, and creation and construction less, as they get older. — John Maynard Keynes

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally. — John Maynard Keynes

We will not have any more crashes in our time. — John Maynard Keynes

The love of money as a possession ... will be recognised for what it is, a somewhat disgusting morbidity. — John Maynard Keynes

Whenever you save five shillings you put a man out of work for a day. — John Maynard Keynes

Men will not always die quietly. — John Maynard Keynes

Like all his type, Newton was wholly aloof from women. — John Maynard Keynes

Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization. — John Maynard Keynes

All 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 Keynes

The boom, not the slump, is the right time for austerity at the Treasury. — John Maynard Keynes

The duty of "saving" became nine-tenths of virtue and the growth of the cake the object of true religion. — John Maynard Keynes

The glory of the nation you love is a desirable end, - but generally to be obtained at your neighbor's expense. — John Maynard Keynes

There is no intrinsic reason for the scarcity of capital. — John Maynard Keynes

There is nothing so disastrous as a rational investment policy in an irrational world. — John Maynard Keynes

It is ideas, not vested interests, which are dangerous for good or evil. — John Maynard Keynes

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. — John Maynard Keynes

In truth, the gold standard is already a barbarous relic. — John Maynard Keynes

The study of economics does not seem to require any specialised gifts of an unusually high order. — John Maynard Keynes

The atomic hypothesis which had worked so splendidly in Physics breaks down in Psychics. — John Maynard Keynes

When the final result is expected to be a compromise, it is often prudent to start from an extreme position. — John Maynard Keynes

Experience shows that what happens is always the thing against which one has not made provision in advance. — John Maynard Keynes

In the long run, we are all dead! — John Maynard Keynes

If we aim deliberately at the impoverishment of Central Europe, vengeance, I dare predict, will not limp. — John Maynard Keynes

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done — John Maynard Keynes

Economics is a very dangerous science. — John Maynard Keynes

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

The long run is a misleading guide to current affairs. In the long run we are all dead. — John Maynard Keynes

Education: the inculcation of the incomprehensible into the indifferent by the incompetent. — John Maynard Keynes

I don't feel the least humble before the vastness of the heavens. — John Maynard Keynes

Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work together for the benefit of all. — John Maynard Keynes

It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics. — John Maynard Keynes

The idea behind stamped money is sound. — John Maynard Keynes

Everything is always decided for reasons other than the real merits of the case — John Maynard Keynes

The biggest problem is not to let people accept new ideas, but to let them forget the old ones. — John Maynard Keynes

The Class war will find me on the side of the educated bourgeoisie. — John Maynard Keynes

The forces of the nineteenth century have run their course and are exhausted. — John Maynard Keynes

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has. — John Maynard Keynes

When somebody persuades me I am wrong, I change my mind. — John Maynard Keynes

God has arrived. I met him on the 5:15 train. — John Maynard Keynes

With the breakdown of money economy the practice of international barter is becoming prevalent. — John Maynard Keynes

Leonard Woolf in a letter to Lytton Strachey said he hated John Maynard Keynes "for his crass stupidity and hideous face". — Leonard Woolf

The markets are moved by animal spirits, and not by reason. — John Maynard Keynes

Logic , like lyrical poetry , is no employment for the middle-aged — John Maynard Keynes

It is better to be roughly right than precisely wrong. — John Maynard Keynes

I can't remember my telephone number, but I know it was in the high numbers. — John Maynard Keynes

Newton was a judaic monotheist of the school of Maimonides — John Maynard Keynes

It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges. — John Maynard Keynes

It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth. — John Maynard Keynes

Nothing mattered except states of mind, chiefly our own. — John Maynard Keynes

Words ought to be a little wild for they are the assault of thoughts on the unthinking. — John Maynard Keynes

A speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware. — John Maynard Keynes

But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital. — John Maynard Keynes

Markets can remain irrational longer than you can remain solvent. — John Maynard Keynes

If you owe your banker a thousand pounds, you are at his mercy. If you owe your banker a million pounds, he is at your mercy. — John Maynard Keynes

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. — John Maynard Keynes

The numeric system was invented to help man to put order in the chaos of the world. — John Maynard Keynes

The avoidance of taxes is the only intellectual pursuit that carries any reward. — John Maynard Keynes

Saving became nine-tenths of virtue and the growth — John Maynard Keynes

[People] will do the rational thing, but only after exploring all other alternatives. — John Maynard Keynes

It is the duty of the long-term investor to endure great losses with equanimity. — John Maynard Keynes

He had one illusion - France; and one disillusion - mankind, including Frenchmen. — John Maynard Keynes

Economic privation proceeds by easy stages, and so long as men suffer it patiently the outside world cares little. — John Maynard Keynes

Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one. — John Maynard Keynes

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty. — John Maynard Keynes

It would not be foolish to contemplate the possibility of a far greater progress still. — John Maynard Keynes

I work for a Government I despise for ends I think criminal. — 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