John Maynard Keynes Quotes

What are your favorites John Maynard Keynes quotes?

John Maynard Keynes was an economist who is mostly known for being the founder of Keynesian economics, an economic theory which looks at how aggregate demand eventually affects output, employment and inflation. He is also the author of several books on economics, mathematics and other subjects.

Some of the popular books by John Maynard Keynes are The General Theory of Employment, Interest and Money, The Economic Consequences of the Peace, A Treatise on Money, Essays in Persuasion, A Treatise on Probability, A Tract on Monetary Reform and so much more.

Here are some of the best John Maynard Keynes quotes on capitalism, economics, inflation, government intervention and so much more:

Best John Maynard Keynes Quotes

Best John Maynard Keynes Quotes

1. In the long run we are all dead. -John Maynard Keynes

2. Ideas shape the course of history. -John Maynard Keynes

3. It is better to be roughly right than precisely wrong. -John Maynard Keynes

4. I work for a Government I despise for ends I think criminal. -John Maynard Keynes

5. When somebody persuades me I am wrong, I change my mind. -John Maynard Keynes

6. The power to become habituated to his surroundings is a marked characteristic of mankind. -John Maynard Keynes

7. When the final result is expected to be a compromise, it is often prudent to start from an extreme position. -John Maynard Keynes

8. The difficulty lies not so much in developing new ideas as in escaping from old ones.

John Maynard Keynes

9. I only wish I had drunk more champagne. -John Maynard Keynes

10. When my information changes, I alter my conclusions. What do you do, sir? -John Maynard Keynes

11. Words ought to be a little wild, for they are the assault of thoughts on the unthinking. -John Maynard Keynes

12. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally. -John Maynard Keynes

13. Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be. -John Maynard Keynes

14. Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one. -John Maynard Keynes

15. Newton was not the first of the age of reason. He was the last of the magicians, the last of the Babylonians and Sumerians, the last great mind that looked out on the visible and intellectual world with the same eyes as those who began to build our intellectual inheritance rather less than 10,000 years ago. -John Maynard Keynes

16. So it is not an accident that the Nazi lads vent a particular fury against (Einstein). He does truly stand for what they most dislike, the opposite of the blond beast intellectualist, individualist, supernationalist, pacifist, inky, plump… How should they know the glory of the free-ranging intellect and soft objective sympathy to whom money and violence, drink and blood and pomp, mean absolutely nothing? -John Maynard Keynes

John Maynard Keynes Quotes On Capitalism

John Maynard Keynes Quotes On Capitalism

17. 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. -John Maynard Keynes

18. The businessman is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed to society. -John Maynard Keynes

19. Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.

John Maynard Keynes

20. The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. -John Maynard Keynes

21. I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable. -John Maynard Keynes

22. The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn’t deliver the goods. -John Maynard Keynes

John Maynard Keynes Quotes On Economics

23. Successful investing is anticipating the anticipations of others. -John Maynard Keynes

24. The market can stay irrational longer than you can stay solvent. -John Maynard Keynes

25. The avoidance of taxes is the only intellectual pursuit that still carries any reward. -John Maynard Keynes

26. There is nothing more dangerous than a rational investment policy in an irrational world. -John Maynard Keynes

27. If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has. -John Maynard Keynes

28. With the breakdown of money economy the practice of international barter is becoming prevalent. -John Maynard Keynes

29. I find economics increasingly satisfactory, and I think I am rather good at it. I want to manage a railroad or organize a Trust or at least swindle the investing public. -John Maynard Keynes

30. Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.

John Maynard Keynes

31. The importance of money flows from it being a link between the present and the future. -John Maynard Keynes

32. The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty. -John Maynard Keynes

33. The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future. -John Maynard Keynes

3x. Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all. -John Maynard Keynes

34. The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably. -John Maynard Keynes

35. Too large a proportion of recent “mathematical” economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols. -John Maynard Keynes

36. 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 influences, are usually slaves of some defunct economist. -John Maynard Keynes

37. The master-economist must possess a rare combination of gifts. He must be mathematician, historian, statesman, philosopher—in some degree. He must understand symbols and speak in words. He must contemplate the particular, in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. No part of man’s nature or his institutions must be entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood, as aloof and incorruptible as an artist, yet sometimes as near to earth as a politician. -John Maynard Keynes

John Maynard Keynes Quotes On Inflation

John Maynard Keynes Quotes On Inflation

38. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. -John Maynard Keynes

39. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

John Maynard Keynes

40. Lenin is said to have declared that the best way to destroy the Capitalist System was 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. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. -John Maynard Keynes

John Maynard Keynes Quotes On Government Intervention

John Maynard Keynes Quotes On Government Intervention

41. The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.

John Maynard Keynes