Home / Quotes / Quote by John Maynard Keynes

Quote by John Maynard Keynes

“The biggest problem is not to let people accept new ideas, but to let them forget the old ones.”

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

You May Also Like

“The expected never happens; it is the unexpected always.”

Happens Investing Expected Unexpected

Author:John Maynard Keynes

“If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.”

Ifs Millions Thousand Mercy Investing Pounds Bankers

Author:John Maynard Keynes

“The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.”

States Government Might United Views United States Prove Taxes Investing Available Reform Speculation Introduction Transfers Transactions

Book:General Theory Of Employment , Interest And Money

Source: General Theory Of Employment , Interest And Money

“Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught”

Years Taught Criticism Weight Foundation Investing Doctrine Theoretical Inadequacy Laissez Faire

Book:General Theory Of Employment , Interest And Money

Source: General Theory Of Employment , Interest And Money

“There is nothing so disastrous as a rational investment policy in an irrational world.”

World Policy Investment Investing Rational Irrational

Author:John Maynard Keynes

“Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.”

Should May Seems Running Given Chance Objects Strange Argument Increase Fruit Investing Defeat Budgets Sufficient Taxation Reduction

Author:John Maynard Keynes

“Experience shows that what happens is always the thing against which one has not made provision in advance.”

Made Shows Happens Investing Provision

Author:John Maynard Keynes

“A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.”

Way Sound Danger Fellows Blame Investing Conventional Ruined Alas Bankers Conventional Ways

Author:John Maynard Keynes

“Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill done.”

May Country Done Jobs Position Serious Products Development Activity Ill Harm Streams Enterprise Steady Bubbles Speculation Casinos Speculators Whirlpools

Author:John Maynard Keynes

“Like Odysseus, the President looked wiser when he was seated.”

President Wiser Odysseus

Author:John Maynard Keynes