John Maynard Keynes Quotes - Page 4

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• 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

  Shapes, Wealth, Investment

  John Maynard Keynes (1950). “The applied theory of money”

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• It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.

  John Maynard Keynes

  Believe, Thinking, Long

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.7, Atlantic Publishers & Dist

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• 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.

  John Maynard Keynes

  People, Clerks, Juniors

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• 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.

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• 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”

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• This long run is a misleading guide to current affairs. 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

  Death, Running, Ocean

  1923 A Tract on Monetary Reform.

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• Newton was a judaic monotheist of the school of Maimonides

  John Maynard Keynes

  School, Newton

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• 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

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• We will not have any more crashes in our time.

  John Maynard Keynes

  Depression, Great Depression, Crash

  "The Raven of Zurich". Book by Felix Somary, 1986.

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• 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”

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• In the long run we are all dead.

  John Maynard Keynes

  Funny, Death, Running

  A Tract on Monetary Reform ch. 3 (1923)

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• 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.

  John Maynard Keynes

  Powerful, Freedom, Ideas

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

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• In truth, the gold standard is already a barbarous relic.

  John Maynard Keynes

  Gold, Standards, Relics

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

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• 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.

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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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• Nothing mattered except states of mind, chiefly our own.

  John Maynard Keynes

  Pregnancy, Intelligent, Mind

  "Essays in Biography" by John Maynard Keynes (Ch. 39), 1933.

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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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• There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.

  John Maynard Keynes

  Mean, Economics, Currency

  The Economic Consequences of the Peace ch. 6 (1919).

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

  John Maynard Keynes

  Newton, Type, Aloof

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• 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

  Humble, People, Would Be

  John Maynard Keynes (1952). “Essays in Persuasion”

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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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• 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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• 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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• 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”

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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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