Economist:John Maynard Keynes: Difference between revisions
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Latest revision as of 21:04, 12 August 2025
John Maynard Keynes[edit]
Biography[edit]
British economist whose ideas fundamentally changed the theory and practice of macroeconomics and economic policies.
School of Thought[edit]
Keynesian Economics
Notable Quotes[edit]
On Innovation Cycles and Market Bubbles[edit]
"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[edit]
"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[edit]
"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[edit]
"The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty."[5]
On Digital Currency and Monetary Policy[edit]
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens."[6]
References[edit]
- ↑ 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