John Maynard
John Maynard
entrepreneur demand politics
It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.
land may scarcity
But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
rewards penalties obstinacy
Obstinacy can bring only a penalty and no reward.
eye average essence
It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion
order doe study
The study of economics does not seem to require any specialised gifts of an unusually high order.
should-have drunk should
I should have drunk more Champagne.
school newton
Newton was a judaic monotheist of the school of Maimonides
europe vengeance dare
If we aim deliberately at the impoverishment of Central Europe, vengeance, I dare predict, will not limp.
running exhausted force
The forces of the nineteenth century have run their course and are exhausted.
might lasts would-be
Perhaps a day might come when there would be at last be enough to go round, and when posterity could enter into the enjoyment of our labors.
believe spirit i-believe
I believe that the future will learn more from the spirit of Gesell than from that of Marx .
ideas sound behinds
The idea behind stamped money is sound.
running risk investors
... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
economics
I'd rather be vaguely right than precisely wrong.