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John Maynard Keynes

John Maynard Keynes Quotes

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Famous John Maynard Keynes Quotes

“The great events of history are often due to secular changes in the growth of population and other fundamental economic causes, which, escaping by their gradual character the notice of contemporary observers, are attributed to the follies of statesmen or the fanaticism of atheists .”

CharacterCausesGrowthEconomicEventsFundamentalsAtheistPopulationDuesContemporaryFollySecularObserversFanaticismStatesmenEscapingGreat Events
Book:The Economic Consequences of the Peace
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“It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.”

Has BeensAbleCoursesPoliticsGivenNaturalEconomyEnvironmentEconomicDemandResourcesRegardEntrepreneurIncludingProductionsTechniqueFactorsLiberalismLabourSoleUnitsEquipmentAssistantsNatural ResourcesEconomic SystemsFactors Of Production
Book:General Theory Of Employment , Interest And Money
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“...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract,... governments are fast rendering impossible a continuance of the social and economic order of the nineteenth century.”

GovernmentOrderGivenSocialClassImpossibleEconomicCenturySecurityHatredEntrepreneurInvestingBlowViolentContractsSocial SecurityArbitraryNineteenth CenturyDisturbanceCombiningRenderingContinuanceEconomic Order
Book:The Economic Consequences of the Peace: The classic text on the Treaty of Versailles and post war Europe
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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.”

MenWayLittlesWould BePoliticalIndividualSidesEconomicConsequenceLaborTradeLaysCollectivesIronRegimesCoalEconomistFrontiersIntercourseBlastFree TradeAnimosityFurnacesIndividual Happiness
Book:The collected writings of John Maynard Keynes
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“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

ImportantGovernmentProcessWealthPoorMoneyPowerEconomySocietyEconomicCitizensEconomicsProsperityContinuingBankingInflationCivil SocietyEconomic FreedomDistribution Of WealthCentral BankingEconomic ReformsHyperinflationContinuing On
Book:The Economic Consequences of the Peace
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“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.”

HumansHeartRealProblemReligionEconomicCreationBehaviorEconomicsRelationSeatsArenaHuman RelationsReal ProblemsEconomic ProblemsEconomy And Economics
Book:The collected writings of John Maynard Keynes
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“Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.”

MenWayMeanDoeSaidLawForceProcessSidesLibertyMillionsEconomicEconomicsDestructionBasesBest WayOne ManCurrencyInflationEconomic FreedomBanking SystemMonetary SystemCentral Banking
Book:The Economic Consequences of the Peace: The Economist
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“[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire.”

BookStatesWholeGivenLibertyEconomicConditionsTheoryCompetitionProductionsFollowingDistributionAdaptedOutputLaissez FaireTotalitarian StateLaissez Faire Capitalism
Author:John Maynard Keynes
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“Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with the economic interpretation of the complex and incompletely known facts of experience, and lead one a very little way towards establishing useful results.”

WayLittlesFactsFormEasyResultsKnownEconomicExampleTheoryEconomicsComplexesBonesPhysicsMathematicalInterpretationEconomic Theory
Book:The Collected Writings of John Maynard Keynes: Essays in biography
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“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.”

WaySaidImportantGovernmentPoliticsProcessWealthEconomicSecurityCitizensSightMethodRichesStrikesBest WayCapitalistCurrencyContinuingDistributionEquityInflationArbitraryDistribution Of Wealth
Book:Essays in persuasion
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