The power to become habituated to his surroundings is a marked characteristic of mankind.
In truth, the gold standard is already a barbarous relic.
Nothing mattered except states of mind, chiefly our own.
In the long run we are all dead.
The study of economics does not seem to require any specialised gifts of an unusually high order.
It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true, and that there is no direct relation between the truth of a proposition and its probability. Probability begins and ends with probability.
When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.
The time has already come when each country needs a considered national policy about what size of population, whether larger or smaller than at present or the same, is most expedient. And having settled this policy, we must take steps to carry it into operation. The time may arrive a little later when the community as a whole must pay attention to the innate quality as well as to the mere numbers of its future members.
Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization.
In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side of a political frontier, and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves and one another; and prefer collective animosities to individual happiness.
Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
We will not have any more crashes in our time.
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.
Economics is a very dangerous science.
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.
I do not know which makes a man more conservative - to know nothing but the present, or nothing but the past.
There is no harm in being sometimes wrong - especially if one is promptly found out.
It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.
It is better that a man should tyrannize over his bank balance than over his fellow-citizens.
I wish I'd drunk more champagne.
Newton was a judaic monotheist of the school of Maimonides
All the political parties alike have their origins in past ideas and not in new ideas and none more conspicuously so than the Marxists .
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.
Logic , like lyrical poetry , is no employment for the middle-aged
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