John Maynard Keynes Quotes - Page 4

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• Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. 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, Serious

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

  19 Copy quote

• A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as the result of a sudden fluctuation of opinion due to factors which do not really make much difference to the prospective yield; since there will be no strong roots of conviction to hold it steady.

  John Maynard Keynes

  Strong, Roots, Differences

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.138, Atlantic Publishers & Dist

  18 Copy quote

• Most men love money and security more, and creation and construction less, as they get older.

  John Maynard Keynes

  Love, Money, Men

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

  11 Copy quote

• It's not bringing in the new ideas that's so hard; it's getting rid of the old ones.

  John Maynard Keynes

  Ideas, New Ideas, Hard

  32 Copy quote

• For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.

  John Maynard Keynes

  Years, Liberty, Littles

  John Maynard Keynes (1932). “Essays in persuasion”

  62 Copy quote

• It is the long term investor who will in practice come in for the most criticism. For it is the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of the average opinion. If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

  John Maynard Keynes

  Running, Independent, Eye

  1936 The General Theory of Employment, Interest and Money.

  13 Copy quote

• The avoidance of taxes is the only intellectual pursuit that still carries any reward.

  John Maynard Keynes

  Funny, Business, Humor

  "A Dictionary of Scientific Quotations" by Alan L. MacKay, (p. 140), 1977.

  26 Copy quote

• In the long run we are all dead.

  John Maynard Keynes

  Funny, Death, Running

  A Tract on Monetary Reform ch. 3 (1923)

  29 Copy quote

• The study of economics does not seem to require any specialised gifts of an unusually high order.

  John Maynard Keynes

  Order, Doe, Study

  John Maynard Keynes, Royal Economic Society (Great Britain) (1971). “The Collected Writings of John Maynard Keynes: Essays in biography”

  7 Copy quote

• 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

  Party, Past, Ideas

  John Maynard Keynes, Royal Economic Society (Great Britain) (1971). “The Collected Writings of John Maynard Keynes: Essays in biography”

  5 Copy quote

• Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

  John Maynard Keynes

  Succeed, Reputation, Failing

  1936 The General Theory of Employment, Interest and Money.

  62 Copy quote

• There is no intrinsic reason for the scarcity of capital.

  John Maynard Keynes

  Scarcity, Reason, Capitalism

  Thorstein Veblen, Richard Henry Tawney, John Maynard Keynes (1990). “Thorstein Veblen, R.H. Tawney, John Maynard Keynes”

  8 Copy quote

• Economics is a very dangerous science.

  John Maynard Keynes

  Economics, Dangerous

  John Maynard Keynes (1971). “The Collected Writings of John Maynard Keynes”

  7 Copy quote

• Newton was a judaic monotheist of the school of Maimonides

  John Maynard Keynes

  School, Newton

  15 Copy quote

• Everything is always decided for reasons other than the real merits of the case

  John Maynard Keynes

  Real, Merit, Reason

  11 Copy quote

• The love of money as a possession...will be recognised for what it is, a somewhat disgusting morbidity.

  John Maynard Keynes

  Wise, Morbidity, Possession

  John Maynard Keynes (2015). “The Essential Keynes”, p.534, Penguin UK

  4 Copy quote

• When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.

  John Maynard Keynes

  Wise, Moral, Wealth

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

  26 Copy quote

• 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

  Gambling, Casinos, Financial

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.143, Atlantic Publishers & Dist

  10 Copy quote

• Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement.

  John Maynard Keynes

  Philosophy, Book, Agreement

  "The Collected Writings of John Maynard Keynes". Book by John Maynard Keynes, 1980.

  6 Copy quote

• It would not be foolish to contemplate the possibility of a far greater progress still.

  John Maynard Keynes

  Progress, Foolish, Possibility

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

  11 Copy quote

• 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 Keynes

  Business, Temptation, Might

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.135, Atlantic Publishers & Dist

  4 Copy quote

• 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

  Civilization, Tests, Profit

  John Maynard Keynes (1982). “Activities 1931-1939: world crises and policies in Britain and America”

  4 Copy quote

• 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.

  John Maynard Keynes

  Truth, Math, Degrees

  John Maynard Keynes (2006). “A Treatise on Probability”, p.322, Cosimo, Inc.

  14 Copy quote

• How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeois and the intelligentsia who, with whatever faults, are the quality in life and surely carry the seeds of all human advancement?

  John Maynard Keynes

  Quality, Advancement, Mud

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

  6 Copy quote

• It is ideas, not vested interests, which are dangerous for good or evil.

  John Maynard Keynes

  Ideas, Evil, Dangerous

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

  11 Copy quote

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