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Economist:John Maynard Keynes
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= John Maynard Keynes = == Biography == British economist whose ideas fundamentally changed the theory and practice of macroeconomics and economic policies. == School of Thought == Keynesian Economics == Notable Quotes == === On Innovation Cycles and Market Bubbles === "The difficulty lies not so much in developing new ideas as in escaping from old ones."<ref name="ref_1936_1">John Maynard Keynes, ''The General Theory of Employment, Interest and Money'' (1936), p. viii, Palgrave Macmillan</ref> "Markets can remain irrational longer than you can remain solvent."<ref name="ref_1930_1">John Maynard Keynes, ''Attributed'' (1930)</ref> === On Labor Market Disruption from Automation === "In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again."<ref name="ref_1923_p80_1">John Maynard Keynes, ''A Tract on Monetary Reform'' (1923), p. 80, Macmillan</ref> === On Innovation Cycles and Market Bubbles === "Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist."<ref name="ref_1936_p383_1">John Maynard Keynes, ''The General Theory of Employment, Interest and Money'' (1936), p. 383, Palgrave Macmillan</ref> === On Wealth Inequality and Technology === "The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty."<ref name="ref_1931_p344_1">John Maynard Keynes, ''Essays in Persuasion'' (1931), p. 344, Macmillan</ref> === On Digital Currency and Monetary Policy === "By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens."<ref name="ref_1919_p235_1">John Maynard Keynes, ''The Economic Consequences of the Peace'' (1919), p. 235, Macmillan</ref> == References == <references /> [[Category:Economist]] [[Category:Keynesian Economics]]
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