May 30, 2022

GREAT QUOTES OF JOHN MAYNARD KEYNES | GREAT QUOTES OF FAMOUS ECONOMISTS

 


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GREAT QUOTES OF JOHN MAYNARD KEYNES


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

“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

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

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

“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

“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

“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

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

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

“The difficulty lies not so much in developing new ideas as in escaping from old ones.” - John Maynard Keynes

“Markets can remain irrational longer than you can remain solvent.” - John Maynard Keynes