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Quote by John Maynard Keynes

“Nevertheless, if we contemplate a society with a somewhat stable wage-unit, with national characteristics which determine the propensity to consume and the preference for liquidity, and with a monetary system which rigidly links the quantity of money to the stock of the precious metals, it will be essential for the maintenance of prosperity that the authorities should pay close attention to the state of the balance of trade. For a favourable balance, provided it is not too large, will prove extremely stimulating; whilst an unfavourable balance may soon produce a state of persistent depression.”

Book:General Theory Of Employment , Interest And Money

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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

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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 answer is, of course, to simplify, to prioritize, and in some cases, to use a well-known phrase, "Just say no!" But actually doing it may prove to be one of the real challenges in our complicated, overheated lives.”

Wells May Real Use Courses Challenges Answers Known Cases Balance Prove Complicated Phrases Well Known Simplify Life Balance Prioritize Just Say No

Author:M. Russell Ballard

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Quote by John Maynard Keynes

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