John Maynard Keynes Quotes - Page 5

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• Canada is a place of infinite promise. We like the people, and if one ever had to emigrate, this would be the destination, not the U.S.A. The hills, lakes and forests make it a place of peace and repose of the mind, such as one never finds in the U.S.A.

  John Maynard Keynes

  Lakes, People, Promise

  16 Copy quote

• Logic , like lyrical poetry , is no employment for the middle-aged

  John Maynard Keynes

  Employment, Logic, Lyrical

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

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• 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.

  John Maynard Keynes

  Country, Numbers, Eugenics

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

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• One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accompli.

  John Maynard Keynes

  Jobs, Fate, Politics

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• It would be foolish, in forming our expectations, to attach great weight to matters which are very uncertain.

  John Maynard Keynes

  Expectations, Would Be, Weight

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.133, Atlantic Publishers & Dist

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• There is no harm in being sometimes wrong - especially if one is promptly found out.

  John Maynard Keynes

  Sometimes, Found, Programming

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

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• Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.

  John Maynard Keynes

  Philosophy, Government, Political

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• The classical theorists resemble Euclidean geometers in a non-Euclidean world who, discovering that in experience straight lines apparently parallel often meet, rebuke the lines for not keeping straight as the only remedy for the unfortunate collisions which are occurring. Yet, in truth, there is no remedy except to throw over the axiom of parallels and to work out a non-Euclidean geometry.

  John Maynard Keynes

  Work Out, World, Lines

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.15, Atlantic Publishers & Dist

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• 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.

  John Maynard Keynes

  Men, Individual Happiness, Iron

  John Maynard Keynes, Royal Economic Society (Great Britain) (1971). “The collected writings of John Maynard Keynes”

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• One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.

  John Maynard Keynes

  Two, Three, Investing

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• The book, as it stands, seems to me to be one of the most frightful muddles I have ever read, with scarcely a sound proposition in it beginning with page 45 [Hayek provided historical background up to page 45; after that came his theoretical model], and yet it remains a book of some interest, which is likely to leave its mark on the mind of the reader. It is an extraordinary example of how, starting with a mistake, a remorseless logician can end up in bedlam.

  John Maynard Keynes

  Mistake, Book, Historical

  John Maynard Keynes, Royal Economic Society (Great Britain) (1971). “The Collected Writings of John Maynard Keynes: The general theory and after: pt. 1, Preparation”

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• Like all his type, Newton was wholly aloof from women.

  John Maynard Keynes

  Newton, Type, Aloof

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• Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.

  John Maynard Keynes

  War, Earthquakes, Pyramids

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.116, Atlantic Publishers & Dist

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• Well, when I get new information, I rethink my position. What, sir, do you do with new information?

  John Maynard Keynes

  Atheism, Information, Wells

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• I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. I should say that it is from time to time the duty of a serious investor to accept the depreciation of his holdings with equanimity and without reproaching himself. … An investor…should be aiming primarily at long-period results, and should be solely judged by these.

  John Maynard Keynes

  Long, Serious, Shame

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• So it is not an accident that the Nazi lads vent a particular fury against (Einstein). He does truly stand for what they most dislike, the opposite of the blond beast intellectualist, individualist, supernationalist, pacifist, inky, plump... How should they know the glory of the free-ranging intellect and soft objective sympathy to whom money and violence, drink and blood and pomp, mean absolutely nothing?

  John Maynard Keynes

  Mean, Blood, Opposites

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• If I am right in supposing it to be comparatively easy to make capital-goods so abundant that the marginal efficiency of capital is zero, this may be the most sensible way of gradually getting rid of many of the objectionable features of capitalism.

  John Maynard Keynes

  Zero, Supposing That, May

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.199, Atlantic Publishers & Dist

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• I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.

  John Maynard Keynes

  Ideas, Encroachment, Interest

  1936 The General Theory of Employment, Interest and Money.

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• The Economic Problem...the problem of want and poverty and the economic struggle between classes and nations, is nothing but a frightful muddle, a transitory and unnecessary muddle.

  John Maynard Keynes

  Struggle, Class, Want

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• As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.

  John Maynard Keynes

  Believe, Thinking, Investing

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• The power to become habituated to his surroundings and therefore to no longer be grateful for what is good in it is a marked characteristic of mankind and needs to be fought against if a person is to be happy.

  John Maynard Keynes

  Gratitude, Grateful, Needs

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• It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.

  John Maynard Keynes

  Mistake, Thinking, Risk

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• Newton was not the first of the age of reason. He was the last of the magicians, the last of the Babylonians and Sumerians, the last great mind that looked out on the visible and intellectual world with the same eyes as those who began to build our intellectual inheritance rather less than 10,000 years ago.

  John Maynard Keynes

  Eye, Science, Years

  John Maynard Keynes (2015). “The Essential Keynes”, p.516, Penguin UK

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• When I find new information I change my mind; What do you do?

  John Maynard Keynes

  Mind, Information, New Information

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• Nothing can preserve the integrity of contact between individuals, except a discretionary authority in the state to revise what has become intolerable. The powers of uninterrupted usury are too great. If the accretions of vested interests were to grow without mitigation for many generations, half the population would be no better than slaves to the other half.

  John Maynard Keynes

  Integrity, Generations, Half

  John Maynard Keynes, Royal Economic Society (Great Britain) (1971). “The collected writings of John Maynard Keynes”

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