John Maynard Keynes Quotes - Page 3

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• 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

  Real, Heart, Religion

  John Maynard Keynes, Royal Economic Society (Great Britain) (1972). “The collected writings of John Maynard Keynes”

  28 Copy quote

• 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

  Humble, People, Would Be

  John Maynard Keynes (1952). “Essays in Persuasion”

  18 Copy quote

• The 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 Keynes

  Powerful, Freedom, Ideas

  General Theory of Employment (1936; 1947 ed.) ch. 24

  18 Copy quote

• In truth, the gold standard is already a barbarous relic.

  John Maynard Keynes

  Gold, Standards, Relics

  John Maynard Keynes, Royal Economic Society (Great Britain) (1972). “The Collected Writings of John Maynard Keynes: Essays in persuasion”

  41 Copy quote

• 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

  People, Clerks, Juniors

  6 Copy quote

• Nothing mattered except states of mind, chiefly our own.

  John Maynard Keynes

  Pregnancy, Intelligent, Mind

  "Essays in Biography" by John Maynard Keynes (Ch. 39), 1933.

  9 Copy quote

• I wish I'd drunk more champagne.

  John Maynard Keynes

  Bad Ass, Drunk, Alcohol

  11 Copy quote

• 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

  Shapes, Wealth, Investment

  John Maynard Keynes (1950). “The applied theory of money”

  9 Copy quote

• By this means (fractional reserve banking) 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

  Mean, Men, People

  7 Copy quote

• If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised; whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.

  John Maynard Keynes

  Optimistic, Acting, Pits

  John Maynard Keynes, Royal Economic Society (Great Britain) (1972). “The collected writings of John Maynard Keynes”

  8 Copy quote

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

  John Maynard Keynes

  Government, Taxation, Regulation

  14 Copy quote

• If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

  John Maynard Keynes

  Banking, Pounds, Problem

  The Economist, p. 11, February 13, 1982.

  35 Copy quote

• The importance of money flows from it being a link between the present and the future.

  John Maynard Keynes

  Money, Business, Future

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.268, Atlantic Publishers & Dist

  16 Copy quote

• I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.

  John Maynard Keynes

  Thinking, Sight, Alternatives

  End of Laissez-Faire (1926) pt. 5

  4 Copy quote

• Conservatism leads nowhere; it satisfies no ideal.

  John Maynard Keynes

  Wise, Conservatism, Ideals

  John Maynard Keynes, Royal Economic Society (Great Britain) (1972). “The Collected Writings of John Maynard Keynes: Essays in persuasion”

  7 Copy quote

• Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.

  John Maynard Keynes

  Real, Sight, Investing

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.272, Atlantic Publishers & Dist

  19 Copy quote

• The 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 Keynes

  Long, Gains, Bears

  John Maynard Keynes, Royal Economic Society (Great Britain) (1972). “The Collected Writings of John Maynard Keynes: Essays in persuasion”

  11 Copy quote

• This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.

  John Maynard Keynes

  Death, Running, Ocean

  1923 A Tract on Monetary Reform.

  22 Copy quote

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

  John Maynard Keynes

  Acceptance, Past, Men

  End of Laissez-Faire (1926) pt. 1

  11 Copy quote

• A study of the history of opinion is a necessary preliminary to the emancipation of the mind.

  John Maynard Keynes

  History, Mind, Opinion

  End of Laissez-Faire (1926) pt. 1

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• Perhaps it is historically true that no order of society ever perishes save by its own hand.

  John Maynard Keynes

  Hands, Order

  John Maynard Keynes (1929). “The Economic Consequences of the Peace: The classic text on the Treaty of Versailles and post war Europe”, p.140, Harriman House Limited

  9 Copy quote

• 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

  Country, Jobs, Done

  1936 The General Theory of Employment, Interest, and Money.

  10 Copy quote

• We will not have any more crashes in our time.

  John Maynard Keynes

  Depression, Great Depression, Crash

  "The Raven of Zurich". Book by Felix Somary, 1986.

  21 Copy quote

• The power to become habituated to his surroundings is a marked characteristic of mankind.

  John Maynard Keynes

  Characteristics, Surroundings, Mankind

  John Maynard Keynes (2016). “The Economic Consequences of the Peace”, p.10, Skyhorse Publishing, Inc.

  14 Copy quote

• An investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if at all, with borrowed money.

  John Maynard Keynes

  Safety, Needs, Resources

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.141, Atlantic Publishers & Dist

  20 Copy quote

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