John Maynard Keynes was a legendary English economist in the first half of the twentieth century. He was a trailblazer in economic thought and had new ideas that fundamentally changed the theory and practice of macroeconomics along with the economic policies of governments that continue to this day. He was originally a mathematician, but evolved his work to understand and explain the causes of business cycles in national and world economies. His theories and mathematical models led to the school of thought known as Keynesian economics which also influenced other economists along with politicians and government policy makers over the past 80 years. [1]
Here are twelve of the best John Maynard Keynes economics quotes which can contain applicable principles for not only economists but traders, investors, and for life in general. He was a thought leader in his time and is still quoted to this day.
“Markets can remain irrational longer than you can remain solvent.” – John Maynard Keynes
“When my information changes, I alter my conclusions. What do you do, sir?” – John Maynard Keynes
“The long run is a misleading guide to current affairs. In the long run we are all dead.” –
“It is better to be roughly right than precisely wrong.” –
“If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.” – John Maynard Keynes
“Education: the inculcation of the incomprehensible into the indifferent by the incompetent.” – John Maynard Keynes
“Words ought to be a little wild for they are the assault of thoughts on the unthinking.” – John Maynard Keynes
“The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.” – John Maynard Keynes
“The difficulty lies not so much in developing new ideas as in escaping from old ones.” – John Maynard Keynes
“The avoidance of taxes is the only intellectual pursuit that carries any reward. ” – John Maynard Keynes
“A study of the history of opinion is a necessary preliminary to the emancipation of the mind.” – John Maynard Keynes
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. By this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.” –
