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John Maynard Keynes Quotes | Quotes said by John Maynard Keynes

  • John Maynard Keynes Quote #1

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


  • John Maynard Keynes Quote #2

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

  • John Maynard Keynes Quote #3

    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 Quote #4

    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 Quote #5

    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 Quote #6

    Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

  • John Maynard Keynes Quote #7

    El estudio de la economía no parece exigir ningún don especializado de un orden excepcionalmente superior. ¿No es una disciplina muy fácil comparada con las ramas superiores de la filosofía o la ciencia pura?. Una disciplina fácil de la que muy pocos sobresalen. La paradoja tal vez tenga su explicación en que el economista experto debe poseer una rara combinación de dones. Debe ser en cierta medida matemático, historiador, estadista, filosofo. Debe comprender los símbolos y hablar en palabras. Debe contemplar lo particular desde la óptica de lo general y considerar en un mismo razonamiento lo abstracto y lo concreto.
    Debe estudiar el presente pensando en el futuro. Ningún aspecto de la naturaleza del hombre o de sus instituciones debe quedarse al margen de su consideración. Debe ser simultáneamente decidido y desinteresado; tan distante e incorruptible como un artista y, sin embargo a veces tan cerca del suelo como un político

  • John Maynard Keynes Quote #8

    How long will it be necessary to pay City men so entirely out of proportion to what other servants of society commonly receive for performing social services not less useful or difficult?

  • John Maynard Keynes Quote #9

    Ideas shape the course of history.

  • John Maynard Keynes Quote #10

    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 Quote #11

    In the long run we are all dead.

  • John Maynard Keynes Quote #12

    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 Quote #13

    It is better to be roughly right than precisely wrong.

  • John Maynard Keynes Quote #14

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

  • John Maynard Keynes Quote #15

    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 Quote #16

    Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.

  • John Maynard Keynes Quote #17

    Professional investment may be likened to those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole; so that teach competitor has to pick not those faces which he himself finds prettiest, but those which he thinks likeliest to catch the fancy of the other competitors, all of whom are looking at the problem from the same point of view. It is not a case of choosing those which, to the best of one's judgement are really the prettiest, nor even those which average opinion genuinely thinks the prettiest. We have reached the third degree where we devote our intelligences to anticipating what average opinion expects the average opinion to be. And there are some, I believe, who practice the fourth, fifth and higher degrees.

  • John Maynard Keynes Quote #18

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

  • John Maynard Keynes Quote #19

    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 Quote #20

    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 Quote #21

    The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods.

  • John Maynard Keynes Quote #22

    The difficulty lies not so much in developing new ideas as in escaping from old ones.

  • John Maynard Keynes Quote #23

    The difficulty lies not so much in developing new ideas as in escaping the old ones.

  • John Maynard Keynes Quote #24

    The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.

  • John Maynard Keynes Quote #25

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

  • John Maynard Keynes Quote #26

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

  • John Maynard Keynes Quote #27

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

  • John Maynard Keynes Quote #28

    The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.

  • John Maynard Keynes Quote #29

    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 Quote #30

    We should not conclude from this that everything depends on waves of irrational psychology. On the contrary, the state of long-term expectation is often steady, and, even when it is not, the other factors exert their compensating effects. We are merely reminding ourselves that human decisions affecting the future, whether personal or political or economic, cannot depend on strict mathematical expectation, since the basis for making such calculations does not exist; and that it is our innate urge to activity which makes the wheels go round, our rational selves choosing between the alternatives as best we are able, calculating where we can, but often falling back for our motive on whim or sentiment or chance.

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