Best Keynes Quotes | Short & Famous Sayings Page 2

“In the Western world, countries that were once the crucible of freedom are slipping remorselessly into a thinly disguised serfdom in which an ever higher proportion of your assets are annexed by the state as superlandlord. Big government is where nations go to die - not in Keynes' 'long run,' but sooner than you think.”

Thinking World Long Country States Bigs Government Running Dies Nations Higher Western Proportion Assets Long Runs Big Government Slipping Western World Crucible Keynes

Author:Mark Steyn

“John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.”

Trying Said Figures Keynes

Author:Warren Buffett

“Fossil fuel is very seductive stuff. [John Maynard] Keynes once said that, as far as he could tell, the average standard of living from the beginning of human history to the middle of the eighteenth century had perhaps doubled. Not much had changed, and then we found coal and gas and oil and everything changed. We're reaping the result of that, both ecologically and socially.”

Humans Said Found Stuff Results Middle Century Changed Standards Average Oil Fuel Gas Coal Fossils Human History Fossil Fuel Seductive Standards Of Living Keynes

Author:Bill McKibben

“Friedrich Hayek, who died on March 23, 1992 at age 92, was arguably the greatest social scientist of the twentieth century. By the time of his death, his fundamental way of thought had supplanted the system of John Maynard Keynes - his chief intellectual rival of the century - in the battle since the 1930s for the minds of economists and the policies of governments.”

Way Mind Government Age Social Century Policy Battle Intellectual Scientist Died Fundamentals Chiefs March Economist Rivals Twentieth Century 1930s Hayek Keynes Friedrich Hayek

Author:Julian Simon

“I've been a faithful reader of the great classical documents of economics, or tried to be. The first book in the field that I ever read was Principles of Economics by Alfred Marshall. I suppose subsequently I would have to pick out Keynes, Adam Smith, Marx.”

Firsts Book Principles Fields Reader Picks Economics Faithful Adam Documents Keynes

Author:John Kenneth Galbraith

“As John Maynard Keynes taught us in the 1930s, in such situations, government is the only entity with both the motive and the ability to boost total spending by enough to put people back to work. As it happens there are long lists of important public projects that cry out to be done.”

People Long Important Done Enough Government Happens Ability Situation Cry Taught Projects Spending Lists Motive Entity Taught Us Boost 1930s Back To Work Keynes

Author:Robert H. Frank

“There's no automatic mechanism in a market system that reconciles the desire to save and the desire to invest. And therefore, the government has to sort of do something or the Federal Reserve, the Fed, or the Central Bank, or whatever, it has to intervene. It has to create enough investment for the economy not to suffer from a fall in aggregate demand. So, if you don't have a balance within the market system itself, then you need an external balance and that's what I think Keynes believed.”

Thinking Enough Desire Suffering Fall Economy Balance Investment Reconcile Federal Reserve Keynes

Author:Robert Skidelsky, Baron Skidelsky

“Note for Americans and other aliens: Milton Keynes is a new city approximately halfway between London and Birmingham. It was built to be modern, efficient, healthy, and, all in all, a pleasant place to live. Many Britons find this amusing.”

Cities Modern Healthy Built Notes London Aliens Pleasant Efficient Halfway Amusing Places To Live Milton Birmingham Keynes Britons

Book:Good Omens: The Nice and Accurate Prophecies of Agnes Nutter, Witch

Source: Good Omens: The Nice and Accurate Prophecies of Agnes Nutter, Witch

“Neither claimed any responsibility for Milton Keynes, but both reported it as a success.”

Responsibility Milton Keynes

Book:Good Omens: The Nice and Accurate Prophecies of Agnes Nutter, Witch

Source: Good Omens: The Nice and Accurate Prophecies of Agnes Nutter, Witch

“Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in 'The General Theory of Employment, Interest and Money,' set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man!”

People Men Mean Beautiful Turns Interest Answers Progress Theory Discipline Shapes Economics Employment Great Men Economist Hypothesis Altered Right Answers Keynes

Author:Milton Friedman

“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”

Country Done Jobs Products Development Activity Ill Casinos Keynes Whirlpools

Author:John Maynard Keynes

“It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium.”

Source: The Essential Galbraith

“In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time, the time when capitalism really worked. Everywhere in the industrialized countries production increased. Unemployment was everywhere low. Prices were nearly stable. When production lagged and unemployment rose, governments intervened to take up the slack, as Keynes had urged.”

“Capital movements are no longer necessarily related to the production of goods and services. Through the financial markets of the world, capital movements today are overwhelmingly concerned with the capture of and trade in property rights, the ownership of assets that magnify a corporation's wealth, power, and control. It is what John Maynard Keynes described as "a casino world"-wealth without worth.”

“The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.”

Ifs Long Said Might Running Today Social Security Long Runs Economist Social Security Medicare Keynes

Author:Ben Bernanke

“Keynes, far from being a wholehearted lover of freedom, viewed with some sympathy the fascist and Communist ‘experiments’ of the 1930s.”

Lovers Experiments Communist Fascists 1930s Keynes

Author:Ralph Raico

“Wicksell's old-fashioned liberalism is reminiscent of John Maynard Keynes' attitude toward conscription during World War I. Keynes opposed conscription, but he was not a pacifist. He opposed conscription because it deprived the citizen of the right to decide for himself whether or not to join in the fight. Keynes was exempt as a civil servant from conscription; so there is no need to question his sincerity. Apparently his belief in the rights of the individual against a majority of his compatriots was very strong indeed.”

Source: THE LOGIC OF COLLECTIVE ACTION

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Keynes Quotes