“When my information changes, I alter my conclusions. What do you do, sir?””
Quotes by John Maynard Keynes
“The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.””
“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.””
“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.””
“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back””
John Maynard KeynesJohn Maynard Keynes was an influential English economist and philosopher whose groundbreaking ideas transformed macroeconomics and shaped government economic policies. Initially trained in mathematics...