“Nothing can preserve the integrity of contact between individuals, except a discretionary authority in the state to revise what has become intolerable. The powers of uninterrupted usury are too great. If the accretions of vested interests were to grow without mitigation for many generations, half the population would be no better than slaves to the other half.”
Quote by John Maynard Keynes
Work
The collected writings of John Maynard Keynes
The collected writings of John Maynard Keynes is a seminal work that brings together a vast array of Keynes' intellectual contributions. It encompasses his seminal work on economic theory, including the General Theory of Employment, Interest, and Money, as well as his insights on monetary policy, fiscal policy, and international trade. This collection is essential for understanding the development of modern economic thought and the impact of Keynesian economics on global economic policy. more
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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Source: Sir Isaac Newton's Mathematical Principles of Natural Philosophy and His System of the World