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John Maynard Keynes

John Maynard Keynes Quotes

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Famous John Maynard Keynes Quotes

“Ideas, knowledge, art, hospitality, travel - these are things which should in their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible and above all let finance be primarily national.”

ShouldArtIdeasBusinessLetting GoClimateInternationalFinanceGoodsHospitality
Book:Activities 1931-1939: world crises and policies in Britain and America
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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.”

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Author:John Maynard Keynes
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“It is the long term investor who will in practice come in for the most criticism. For it is the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of the average opinion. If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”

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Author:John Maynard Keynes
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“So it is not an accident that the Nazi lads vent a particular fury against (Einstein). He does truly stand for what they most dislike, the opposite of the blond beast intellectualist, individualist, supernationalist, pacifist, inky, plump... How should they know the glory of the free-ranging intellect and soft objective sympathy to whom money and violence, drink and blood and pomp, mean absolutely nothing?”

KnowsShouldMeanDoeViolenceBloodParticularDrinkGloryOppositesIntellectAccidentsObjectivesBeastDislikeNaziFuryAbsolutely NothingLadPacifist
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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“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.”

FeelsShouldLongStillsFoundResultsAcceptingShareSeriousDutyPeriodsShameBottomInvestorsJudgedEquanimityDepreciation
Author:John Maynard Keynes
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