John Maynard Keynes Quotes
Collection of top 100 famous quotes about John Maynard Keynes
John Maynard Keynes Quotes & Sayings
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The engine which drives enterprise is not thrift, but profit.
— John Maynard Keynes
The importance of money flows from it being a link between the present and the future.
— John Maynard Keynes
I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
— John Maynard Keynes
But the dreams of designing diplomats do not always prosper, and we must trust the future .
— John Maynard Keynes
Ideas shape the course of history.
— John Maynard Keynes
Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.
— John Maynard Keynes
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
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
I am trying to re-shape and improve my central position.
— John Maynard Keynes
I do not know which makes a man more conservative - to know nothing but the present, or nothing but the past.
— John Maynard Keynes
When the facts change, I change my mind
— John Maynard Keynes
Well, when I get new information, I rethink my position. What, sir, do you do with new information?
— John Maynard Keynes
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
— John Maynard Keynes
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
Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
— John Maynard Keynes
I wish I'd drunk more champagne.
— John Maynard Keynes
When my information changes, I alter my conclusions. What do you do, sir?
— John Maynard Keynes
For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
— John Maynard Keynes
The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.
— John Maynard Keynes
In this autumn of 1919, in which I write, we are at the dead season of our fortunes.
— John Maynard Keynes
I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.
— John Maynard Keynes
It is a good thing to make mistakes so long as you're found out quickly.
— John Maynard Keynes
Chess is a cure for headaches.
— John Maynard Keynes
I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.
— John Maynard Keynes
When I find new information I change my mind; What do you do?
— John Maynard Keynes
It would be foolish, in forming our expectations, to attach great weight to matters which are very uncertain.
— John Maynard Keynes
I believe that the future will learn more from the spirit of Gesell than from that of Marx .
— John Maynard Keynes
Perhaps a day might come when there would be at last be enough to go round, and when posterity could enter into the enjoyment of our labors.
— John Maynard Keynes
Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
— John Maynard Keynes
All production is for the purpose of ultimately satisfying a consumer.
— John Maynard Keynes
There is no harm in being sometimes wrong - especially if one is promptly found out.
— John Maynard Keynes
Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.
— John Maynard Keynes
The insane and irrational springs of wickedness in most men ...
— John Maynard Keynes
Most men love money and security more, and creation and construction less, as they get older.
— John Maynard Keynes
Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.
— John Maynard Keynes
We will not have any more crashes in our time.
— John Maynard Keynes
The love of money as a possession ... will be recognised for what it is, a somewhat disgusting morbidity.
— John Maynard Keynes
Whenever you save five shillings you put a man out of work for a day.
— John Maynard Keynes
Men will not always die quietly.
— John Maynard Keynes
Like all his type, Newton was wholly aloof from women.
— John Maynard Keynes
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
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
The boom, not the slump, is the right time for austerity at the Treasury.
— John Maynard Keynes
The duty of "saving" became nine-tenths of virtue and the growth of the cake the object of true religion.
— John Maynard Keynes
The glory of the nation you love is a desirable end, - but generally to be obtained at your neighbor's expense.
— John Maynard Keynes
There is no intrinsic reason for the scarcity of capital.
— John Maynard Keynes
There is nothing so disastrous as a rational investment policy in an irrational world.
— John Maynard Keynes
It is ideas, not vested interests, which are dangerous for good or evil.
— John Maynard Keynes
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
— John Maynard Keynes
In truth, the gold standard is already a barbarous relic.
— John Maynard Keynes
The study of economics does not seem to require any specialised gifts of an unusually high order.
— John Maynard Keynes
The atomic hypothesis which had worked so splendidly in Physics breaks down in Psychics.
— John Maynard Keynes
When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
— John Maynard Keynes
Experience shows that what happens is always the thing against which one has not made provision in advance.
— John Maynard Keynes
In the long run, we are all dead!
— John Maynard Keynes
If we aim deliberately at the impoverishment of Central Europe, vengeance, I dare predict, will not limp.
— John Maynard Keynes
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
Economics is a very dangerous science.
— John Maynard Keynes
To suggest social action for the public good to the city London is like discussing The Origin of Species to a Bishop sixty years ago.
— John Maynard Keynes
The long run is a misleading guide to current affairs. In the long run we are all dead.
— John Maynard Keynes
Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
— John Maynard Keynes
I don't feel the least humble before the vastness of the heavens.
— John Maynard Keynes
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
It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
— John Maynard Keynes
The idea behind stamped money is sound.
— John Maynard Keynes
Everything is always decided for reasons other than the real merits of the case
— John Maynard Keynes
The biggest problem is not to let people accept new ideas, but to let them forget the old ones.
— John Maynard Keynes
The Class war will find me on the side of the educated bourgeoisie.
— John Maynard Keynes
The forces of the nineteenth century have run their course and are exhausted.
— John Maynard Keynes
If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.
— John Maynard Keynes
When somebody persuades me I am wrong, I change my mind.
— John Maynard Keynes
God has arrived. I met him on the 5:15 train.
— John Maynard Keynes
With the breakdown of money economy the practice of international barter is becoming prevalent.
— John Maynard Keynes
Leonard Woolf in a letter to Lytton Strachey said he hated John Maynard Keynes "for his crass stupidity and hideous face".
— Leonard Woolf
The markets are moved by animal spirits, and not by reason.
— John Maynard Keynes
Logic , like lyrical poetry , is no employment for the middle-aged
— John Maynard Keynes
It is better to be roughly right than precisely wrong.
— John Maynard Keynes
I can't remember my telephone number, but I know it was in the high numbers.
— John Maynard Keynes
Newton was a judaic monotheist of the school of Maimonides
— John Maynard Keynes
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
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
Nothing mattered except states of mind, chiefly our own.
— John Maynard Keynes
Words ought to be a little wild for they are the assault of thoughts on the unthinking.
— John Maynard Keynes
A speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
— John Maynard Keynes
But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
— John Maynard Keynes
Markets can remain irrational longer than you can remain solvent.
— John Maynard Keynes
If you owe your banker a thousand pounds, you are at his mercy. If you owe your banker a million pounds, he is at your mercy.
— John Maynard Keynes
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
— John Maynard Keynes
The numeric system was invented to help man to put order in the chaos of the world.
— John Maynard Keynes
The avoidance of taxes is the only intellectual pursuit that carries any reward.
— John Maynard Keynes
Saving became nine-tenths of virtue and the growth
— John Maynard Keynes
[People] will do the rational thing, but only after exploring all other alternatives.
— John Maynard Keynes
It is the duty of the long-term investor to endure great losses with equanimity.
— John Maynard Keynes
He had one illusion - France; and one disillusion - mankind, including Frenchmen.
— John Maynard Keynes
Economic privation proceeds by easy stages, and so long as men suffer it patiently the outside world cares little.
— John Maynard Keynes
Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
— John Maynard Keynes
The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
— John Maynard Keynes
It would not be foolish to contemplate the possibility of a far greater progress still.
— John Maynard Keynes
I work for a Government I despise for ends I think criminal.
— John Maynard Keynes
It's not bringing in the new ideas that's so hard; it's getting rid of the old ones.
— John Maynard Keynes