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Quote by John Maynard Keynes

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John Maynard Keynes
John Maynard Keynes

John Maynard Keynes, born on June 5, 1883, was a prominent British economist whose work had a profound impact on the field of economics, particularly in the area of macroeconomics. His theories advocating for government intervention to stabilize the economy gained widespread application during the Great Depression of the 1930s. more

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“The wind in a man's face makes him wise.”

“Coupled with Usury, Unrestricted Competition destroys the small man for the profit of the great and in so doing produces that mass of economically unfree citizens whose very political freedom comes in question because it has no foundation in any economic freedom, that is, any useful proportion of property to support it. Political freedom without economic freedom is almost worthless, and it is because the modern proletariat has the one kind of freedom without the other that its rebellion is now threatening the very structure of the modern world.”

“Roque...lined his men up and had them produce all the clothing, jewels, money, and other objects that they had stolen since the last time they had divided the spoils. Having made a hasty appraisal and reduced to terms of money those items that could not be divided, he split the whole into shares with such equity and exactitude that in not a single instance did he go beyond or fall short of a strict distributive justice. They were all well satisfied with the payment received, indeed they were quite well pleased; and Roque then turned to Don Quixote.”

“However, if we leave the industrial machinery and their energy-distribution networks and leave them also all the people who have routine jobs operating the industrial machinery and distributing its products, and we take away from all the industrial countries all their ideologies and all the politicians and political machine workers, people would keep right on eating. Possibly getting on a little better than before.”