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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 -
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.
John Maynard Keynes
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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 -
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
John Maynard Keynes -
To suggest social action for the public good to the city London is like discussing The Origin of Species to a Bishop sixty years ago.
John Maynard Keynes -
Logic, like lyrical poetry, is no employment for the middle-aged,
John Maynard Keynes -
It is a grand book worthy of one’s hopes of you. A most powerful piece of well organized analysis with high aesthetic qualities, though written more perhaps than you see yourself for the cognoscenti in the temple and not for those at the gate. Anyhow I prefer it for intellectual enjoyment to any recent attempts in this vein.
John Maynard Keynes -
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
John Maynard Keynes
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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 -
If I am right in supposing it to be comparatively easy to make capital-goods so abundant that the marginal efficiency of capital is zero, this may be the most sensible way of gradually getting rid of many of the objectionable features of capitalism.
John Maynard Keynes -
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 -
I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.
John Maynard Keynes -
Whenever you save five shillings you put a man out of work for a day.
John Maynard Keynes -
Never in history was there a method devised of such efficacy for setting each country's advantage at variance with its neighbours' as the international gold standard.
John Maynard Keynes
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Markets can remain irrational longer than you can remain solvent.
John Maynard Keynes -
In the long run we are all dead.
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 -
Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization.
John Maynard Keynes -
There were endless possibilities, not out of reach.
John Maynard Keynes -
It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.
John Maynard Keynes
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Like Odysseus, the President looked wiser when he was seated.
John Maynard Keynes -
The duty of 'saving' became nine-tenths of virtue and the growth of the cake the object of true religion.
John Maynard Keynes -
It is impossible that the intention of the entrepreneur who has borrowed in order to increase investment can become effective except in substitution for investment by other entrepreneurs which would have occurred otherwise at a faster rate than the public decide to increase their savings...
John Maynard Keynes -
The mechanism of reaching equilibrium by means of a rising cost of living, which is vainly pursued by a rising level of wages, will be described in the next chapter. But it is admitted on all hands that this is the worst possible solution.
John Maynard Keynes