John Maynard
John Maynard
history mind opinion
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
pregnancy intelligent mind
Nothing mattered except states of mind, chiefly our own.
years liberty littles
For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
love money men
Most men love money and security more, and creation and construction less, as they get older.
beautiful war intelligent
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.
profit enterprise thrift
The engine which drives enterprise is not thrift, but profit.
book competition liberty
[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.
thinking sight alternatives
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.
bottles laissez-faire principles
The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.
thinking community done
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.
responsibility views long
I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments.
government gold matter
Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
men economics dies
Men will not always die quietly.
taken animal average
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.