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John Maynard Keynes

John Maynard Keynes Quotes

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Famous John Maynard Keynes Quotes

“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.”

MayWholeFacesChoicesSixPicksHundredCompetitionInvestmentPhotographAverageNewspapersPrizePreferenceCompetitorsPrettiest
Book:General Theory Of Employment , Interest And Money
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“I do not mean to impugn the social justice and social expediency of the redistribution of incomes aimed at by N.I.R.A. and by the various schemes for agricultural restriction. The latter, in particular, I should strongly support in principle. But too much emphasis on the remedial value of a higher price-level as an object in itself may lead to serious misapprehension as to the part which prices can play in the technique of recovery. The stimulation of output by increasing aggregate purchasing power is the right way to get prices up; and not the other way round.”

WayShouldMayMeanPlayValuesSocialJusticeLevelsPrinciplesSupportToo MuchObjectsParticularSeriousHigherSocial JusticeRoundsInvestingVariousTechniqueIncomeRecoveryLatterSchemesRight WayEmphasisRestrictionOutputStimulationPurchasingExpediencyPurchasing Power
Author:John Maynard Keynes
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“Nevertheless, if we contemplate a society with a somewhat stable wage-unit, with national characteristics which determine the propensity to consume and the preference for liquidity, and with a monetary system which rigidly links the quantity of money to the stock of the precious metals, it will be essential for the maintenance of prosperity that the authorities should pay close attention to the state of the balance of trade. For a favourable balance, provided it is not too large, will prove extremely stimulating; whilst an unfavourable balance may soon produce a state of persistent depression.”

IfsShouldMayStatesPayAttentionProduceBalanceProveEssentialsAuthorityTradeDetermineProsperityCharacteristicsLinksMetalsQuantityStableContemplatingNeverthelessUnitsPreferencePersistentMaintenanceMonetaryPropensityImbalanceMonetary SystemLiquidityPrecious Metal
Book:General Theory Of Employment , Interest And Money
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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.”

NeedsWellsMayLittlesCountryWholeCommunityNumbersPayAttentionQualityStepsPolicyMembersMereSizePopulationPay AttentionOperationsInnateEugenics
Book:The collected writings of John Maynard Keynes
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