34 Most Famous John Maynard Keynes Quotes

34 Most Famous John Maynard Keynes Quotes

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John Maynard Keynes was a economist from Cambridge, United Kingdom. His ideas about macroeconomics have affected modern economic policies all over the world. He changed the way the world employment system ran. He died on April 21, 1946 at the age of 62.

“All the political parties alike have their origins in past ideas and not in new ideas — and none more conspicuously so than the Marxists.”

“But my lord, when we addressed this issue a few years ago, didn’t you argue the other side?” He said, “That’s true, but when I get more evidence I sometimes change my mind. What do you do?”

“But the dreams of designing diplomats do not always prosper, and we must trust the future.”

“But 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.”

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

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”

“Economics is a very dangerous science.”

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

“For my part I think that capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in
many ways extremely objectionable.”

“He had one illusion — France; and one disillusion — mankind, including Frenchmen, and his colleagues not least.”

“I work for a Government I despise for ends I think criminal.”

“Ideas shape the course of history.”

“If we aim deliberately at the impoverishment of Central Europe, vengeance, I dare predict, will not limp.”

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

“Logic, like lyrical poetry, is no employment for the middle-aged.”

“Men will not always die quietly.”

“Perhaps it is historically true that no order of society ever perishes save by its own hand.”

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

“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.”

“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 behaviour and religion.”

“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. In short we dislike it, and we are beginning to despise it. But when we wonder what to put in its place, we are extremely

“The glory of the nation you love is a desirable end, — but generally to be obtained at your neighbor’s expense.”

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

“The next move is with the head, and fists must wait.”

“The old saying holds. Owe your banker £1000 and you are at his mercy; owe him £1 million and the position is reversed.”

“The power to become habituated to his surroundings is a marked characteristic of mankind.”

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

“There is no harm in being sometimes wrong — especially if one is promptly found out.”

“There were endless possibilities, not out of reach.”

“This is a nightmare, which will pass away with the morning. For the resources of nature and men’s devices are just as fertile and productive as they were. The rate of our progress towards
solving the material problems of life is not less rapid. ”

“To our generation Einstein has been made to become a double symbol — a symbol of the mind travelling in the cold regions of space, and a symbol of the brave and generous outcast, pure in
heart and cheerful of spirit.”

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

“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.”

“Words ought to be a little wild, for they are the assault of thoughts on the unthinking.”