Economist:John Maynard Keynes: Difference between revisions
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=== On Innovation Cycles and Market Bubbles === | === 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> | "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> | "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 === | === 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> | "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 == | ||
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[[Category:Economist]] | [[Category:Economist]] | ||
[[Category:Keynesian Economics]] | [[Category:Keynesian Economics]] | ||
Revision as of 20:56, 12 August 2025
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."[1] "Markets can remain irrational longer than you can remain solvent."[2]
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."[3]
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."[4]
On Wealth Inequality and Technology
"The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty."[5]
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."[6]
References
- ↑ John Maynard Keynes, The General Theory of Employment, Interest and Money (1936), p. viii, Palgrave Macmillan
- ↑ John Maynard Keynes, Attributed (1930)
- ↑ John Maynard Keynes, A Tract on Monetary Reform (1923), p. 80, Macmillan
- ↑ John Maynard Keynes, The General Theory of Employment, Interest and Money (1936), p. 383, Palgrave Macmillan
- ↑ John Maynard Keynes, Essays in Persuasion (1931), p. 344, Macmillan
- ↑ John Maynard Keynes, The Economic Consequences of the Peace (1919), p. 235, Macmillan