John Maynard Keynes
John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes, CB, FBA, was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. He built on and greatly refined earlier work on the causes of business cycles, and is widely considered to be one of the most influential economists of the 20th century and the founder of modern macroeconomics. His ideas are the basis for the school of thought known as Keynesian economics and its...
NationalityEnglish
ProfessionEconomist
Date of Birth5 June 1883
Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught
The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.
If you owe your banker a thousand pounds, you are at his mercy. If you owe your banker a million pounds, he is at your mercy.
The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.
The markets are moved by animal spirits, and not by reason.
It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems.
It would not be foolish to contemplate the possibility of a far greater progress still.
The power to become habituated to his surroundings and therefore to no longer be grateful for what is good in it is a marked characteristic of mankind and needs to be fought against if a person is to be happy.
The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth -- he could at the same time and by the same means adventure his wealth in the natural resources and new enterprise of any quarter of the world -- he could secure forthwith, if he wished, cheap and comfortable means of transit to any country or climate without passport or other formality.
If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.
The power to become habituated to his surroundings is a marked characteristic of mankind.
The glory of the nation you love is a desirable end, — but generally to be obtained at your neighbor's expense.