John Maynard Keynes Quotes
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Chess is a cure for headaches.
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Long run is a misleading guide to current affairs. In the long run we are all dead.
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Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.
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Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.
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The expected never happens; it is the unexpected always.
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Newton was a judaic monotheist of the school of Maimonides...
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I was suffering from my chronic delusion that one good share is safer than ten bad ones, and I am always forgetting that hardly anyone else shares this particular delusion.
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Ideas, knowledge, art, hospitality, travel - these are things which should in their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible and above all let finance be primarily national.
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Canada is a place of infinite promise. We like the people, and if one ever had to emigrate, this would be the destination, not the U.S.A. The hills, lakes and forests make it a place of peace and repose of the mind, such as one never finds in the U.S.A.
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The book, as it stands, seems to me to be one of the most frightful muddles I have ever read, with scarcely a sound proposition in it beginning with page 45, Hayek provided historical background up to page 45; after that came his theoretical model, and yet it remains a book of some interest, which is likely to leave its mark on the mind of the reader. It is an extraordinary example of how, starting with a mistake, a remorseless logician can end up in bedlam.
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Perhaps it is historically true that no order of society ever perishes save by its own hand.
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Nevertheless, if we contemplate a society with a somewhat stable wage-unit, with national characteristics which determine the propensity to consume and the preference for liquidity, and with a monetary system which rigidly links the quantity of money to the stock of the precious metals, it will be essential for the maintenance of prosperity that the authorities should pay close attention to the state of the balance of trade. For a favourable balance, provided it is not too large, will prove extremely stimulating; whilst an unfavourable balance may soon produce a state of persistent depression.
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For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
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To our generation Einstein has been made to become a double symbol - a symbol of the mind travelling in the cold regions of space, and a symbol of the brave and generous outcast, pure in heart and cheerful of spirit.
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It is better to be roughly right than precisely wrong.
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When my information changes, I alter my conclusions. What do you do, sir?
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The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.
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It is better that a man should tyrannize over his bank balance than over his fellow-citizens.
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Dangerous acts can be done safely in a community which thinks and feels rightly, which would be the way to hell if they were executed by those who think and feel wrongly.
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I am trying to re-shape and improve my central position.
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It's not bringing in the new ideas that's so hard; it's getting rid of the old ones.
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When the final result is expected to be a compromise, it is often prudent to start from an extreme position.
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When I find new information I change my mind; What do you do?
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I can't remember my telephone number, but I know it was in the high numbers.