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Quote by John Maynard Keynes

“Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”

Quote by John Maynard Keynes

Author

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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“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.”

Source: Essays in persuasion

“The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.”

Littles Important Done Government Individual Important Things

Author:John Maynard Keynes

“I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems.”

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Author:John Maynard Keynes

“It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.”

Ifs Thinking Believe Long Economics Foolish Astonishing

Book:General Theory Of Employment , Interest And Money

Source: General Theory Of Employment , Interest And Money

“Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.”

Business Psychology Activity Investing Finance Yield Assets Speculation Forecasting

Author:John Maynard Keynes

“The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent and indissoluble, like marriage, except by reason of death or other grave cause, might be a useful remedy for our contemporary evils. For this would force the investor to direct his mind to the long-term prospects and to those only.”

Source: General Theory Of Employment , Interest And Money

“I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.”

Thinking Years Problem Hands Economic Solutions Years Ago Twenties Invisible Invisible Hand

Author:John Maynard Keynes

“In truth, the gold standard is already a barbarous relic.”

Standards Gold Relics Gold Standard

Book:The Collected Writings of John Maynard Keynes: Essays in persuasion

Source: The Collected Writings of John Maynard Keynes: Essays in persuasion

“The markets are moved by animal spirits, and not by reason.”

Reason Spirit Animal Moved Animal Spirits

Author:John Maynard Keynes

“There is no harm in being sometimes wrong - especially if one is promptly found out.”

Ifs Sometimes Found Harm Programming

Book:The Collected Writings of John Maynard Keynes: Essays in biography

Source: The Collected Writings of John Maynard Keynes: Essays in biography