“A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as the result of a sudden fluctuation of opinion due to factors which do not really make much difference to the prospective yield; since there will be no strong roots of conviction to hold it steady.”
Quote by John Maynard Keynes
Work
General Theory Of Employment , Interest And Money
This book delves into the theoretical underpinnings of economic fluctuations, analyzing the relationship between employment levels, interest rates, and the money supply. It is considered a cornerstone of modern macroeconomic theory. 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