Keynes, John Maynard Quotes

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Keynes, John Maynard

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· <blockquote><a href="http://quotationsbook.com/author/4022/">Quotes by <em>Keynes, John Maynard</em></a></blockquote><br> From <a href="http://quotationsbook.com">Quotations Book</a> ·

John Maynard Keynes, 1st Baron Keynes of Tilton (pronounced knz / kAnze), ) (June 5, 1883 April 21, 1946) was an English economist, whose ideas had a major impact on modern economic and political theory as well as on American and British fiscal policies. See Keynesian economics for an outline of his theories. He was a lifelong member of the British Liberal party, and had no taste for socialism. He is particularly remembered for advocating interventionist government policy, by which the government would use fiscal and monetary measures to aim to mitigate the adverse effects of economic recessions, depressions and booms. Economists consider him one of the main founders of modern theoretical macroeconomics. His popular expression "In the long run we are all dead" is still quoted. · Can we improve this biography? Write us your version

"The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems -- the problems of life and of human relations, of creation and behavior and religion."

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"If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid."

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"Only with absolute fearlessness can we slay the dragons of mediocrity that invade our gardens."

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"Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be..."

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"For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still."

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"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist."

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"It is ideas, not vested interests, which are dangerous for good or evil."

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"The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds."

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"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."

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"Nothing mattered except states of mind, chiefly our own."

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