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John Maynard Keynes

John Maynard Keynes Quotes

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Famous John Maynard Keynes Quotes

“...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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“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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“Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities. It forgets that there is no such thing as liquidity of investment for the community as a whole.”

WholeSocialCommunityForgetVirtueSecurityResourcesInstitutionsInvestmentDoctrineFinanceOrthodoxMaximsLiquidFetishAnti SocialLiquidity
Book:General Theory Of Employment , Interest And Money
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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. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exulted some of the most distasteful of human qualities into the highest virtues.”

YearsHumansTwoAbleSocialWealthQualityMoralPrinciplesVirtueHighestHundredImportanceCodeAccumulationPseudoMoral PrinciplesGreat ChangeDistastefulHuman Qualities
Book:The collected writings of John Maynard Keynes
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“I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments.”

LongStatesPhilosophyPoliticalSocialViewsResponsibilityGreaterPositionAdvantageEconomicsBasesInvestmentGoodsEfficiency
Book:Keynes and Public Policy After Fifty Years: Theories and method
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