Keynes quotes:

Send

I fancied myself as some kind of god or an economic reformer like Keynes -- George Soros
Neither claimed any responsibility for Milton Keynes, but both reported it as a success. -- Terry Pratchett
Leonard Woolf in a letter to Lytton Strachey said he hated John Maynard Keynes "for his crass stupidity and hideous face". -- Leonard Woolf
John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate. -- Warren Buffett
If you put two economists xin a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions. -- Winston Churchill
Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn. -- Ludwig von Mises
There are still many people in America who regard depressions as acts of God. I think Keynes proved that the responsibility for these occurrences does not rest with Providence. -- Bertrand Russell
Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sachs CEO. And you are losing ... -- Barry Ritholtz
There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes. -- Joan Robinson
Note for Americans and other aliens: Milton Keynes is a new city approximately halfway between London and Birmingham. It was built to be modern, efficient, healthy, and, all in all, a pleasant place to live. Many Britons find this amusing. -- Neil Gaiman
Attempting mischievous and salutary irritation of his peers ... Keynes may only succeed in becoming an academic idol of our worst cranks and charlatans - not to mention the possibilities of the book as the economic bible of a fascist movement. -- Henry Calvert Simons
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand. -- Paul Ormerod
Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times. -- Thomas J. Sargent
--
Disciples of Keynes, who focus on aggregate demand, view any increase in household wealth as raising employment because they say it adds to consumer demand. -- Edmund Phelps
To spend this particular year reading essays to Dennis Robertson as one's supervisor, and, simultaneously, enjoying membership of the group round Keynes was indeed an intellectual treat. -- James Meade
My only regret in life is that I did not drink more Champagne - John Maynard Keynes Sorrow can be alleviated by good sleep, a bath and a glass of good wine -- Thomas Aquinas
The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare. -- Ben Bernanke
I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured. -- Joan Robinson
I've been a faithful reader of the great classical documents of economics, or tried to be. The first book in the field that I ever read was Principles of Economics by Alfred Marshall. I suppose subsequently I would have to pick out Keynes, Adam Smith, Marx. -- John Kenneth Galbraith
In the Western world, countries that were once the crucible of freedom are slipping remorselessly into a thinly disguised serfdom in which an ever higher proportion of your assets are annexed by the state as superlandlord. Big government is where nations go to die - not in Keynes' 'long run,' but sooner than you think. -- Mark Steyn
Here we have the heart of the difference between Hayek and Keynes: one knew that markets work to give us the best of all possible worlds, while governments create and exacerbate malfunctions; the other imagined that governments were somehow capable of both perceiving and correcting malfunctions by means of the printing press, provided the right technocrats are in charge. -- Jeffrey Tucker
Notwithstanding all the passionate fulminations of the spokesmen of governments, the inevitable consequences of inflationism and expansionism...are coming to pass. And then, very late indeed, even simple people will discover that Keynes did not teach us how to perform the 'miracle...of turning a stone into bread,' but the not at all miraculous procedure of eating the seed corn. -- Ludwig von Mises
Friedrich Hayek, who died on March 23, 1992 at age 92, was arguably the greatest social scientist of the twentieth century. By the time of his death, his fundamental way of thought had supplanted the system of John Maynard Keynes - his chief intellectual rival of the century - in the battle since the 1930s for the minds of economists and the policies of governments. -- Julian Simon
Ridiculous as our market volatility might seem to an intelligent Martian, it is our reality and everyone loves to trot out the 'quote' attributed to Keynes (but never documented): 'The market can stay irrational longer than the investor can stay solvent.' For us agents, he might better have said 'The market can stay irrational longer than the client can stay patient.' -- Jeremy Grantham
Fossil fuel is very seductive stuff. [John Maynard] Keynes once said that, as far as he could tell, the average standard of living from the beginning of human history to the middle of the eighteenth century had perhaps doubled. Not much had changed, and then we found coal and gas and oil and everything changed. We're reaping the result of that, both ecologically and socially. -- Bill McKibben
When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done -- John Maynard Keynes

Send