John Maynard Keynes

John Maynard Keynes

British economist, founder of Keynesianism
[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire.More John Maynard Keynes quotes [03/29/2018 05:03:36]
A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as the result of a sudden fluctuation of opinion due to factors which do not really make much difference to the prospective yield; since there will be no strong roots of conviction to hold it steady.More John Maynard Keynes quotes [03/29/2018 05:03:36]
Well, when I get new information, I rethink my position. What, sir, do you do with new information?More John Maynard Keynes quotes [03/29/2018 05:03:36]
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.More John Maynard Keynes quotes [03/29/2018 05:03:36]
If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised; whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.More John Maynard Keynes quotes [03/29/2018 05:03:36]

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