Quotes about John Maynard Keynes

11 Sourced Quotes

If you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes. Although Keynes died more than a half-century ago, his diagnosis of recessions and depressions remains the foundation of modern macroeconomics. His insights go a long way toward explaining the challenges we now confront.

We are entitled to be disappointed, but not to be surprised, by the persistence of governmental intervention in economic life. A school of thought attributes great influence to public opinion in the movements toward or away from laissez-faire. Among the many members of this school one may mention Albert Venn Dicey, John Maynard Keynes, and Milton Friedman.

One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes.

Kenneth Boulding

From Adam Smith through John Maynard Keynes, economics had been mostly talk. At Harvard economics was talk. At MIT, Samuelson made it math.

William Poundstone

It was in 1926 that John Maynard Keynes wrote his now famous essay "The End of Laissez-Faire." Since then, history has evolved through the Great Depression, "hot" and cold wars, the establishment of the Bretton woods regime, suspension of convertibility of the US dollar into gold, oil shocks, and the information and telecommunications revolution. The situation at the end of the 20th century seems to be quite similar to that of the late 1920s, having come full circle.

Eisuke Sakakibara

In contrast to the natural sciences, where Isaac Newton and Albert Einstein made their major contributions, most economics masterpieces were written when the authors were middle aged. Adam Smith, Karl Marx, John Maynard Keynes, and Milton Friedman come to mind. However, Paul started much earlier, in his 20s; and, even now, his new articles influence the fields of economics and finance.

Michael Szenberg

Differences in the incidence of destruction and "death" do not account for the reluctance to refer to international politics as a harmonious realm, while competitive economies are often so described. Instead, one may say that the standards of performance now applied to international political systems are higher, or at least widely different. As John Maynard Keynes once remarked, those who believe that unhampered processes of natural selection lead to progress do not "count the cost of the struggle" (1926, p. 37). In international politics, we often count nothing but the costs of the struggle.

Only someone as puffed up and demented as John Maynard Keynes, every left wing fascist's sainted mentor in this connection, could manage to convince himself that taxing America's Productive Class can restore it to prosperity. In point of fact, it's like screwing for chastity, guzzling alcohol for sobriety, or gorging to fight gluttony. It's like killing indiscriminately for peace — oops, Democrats, Republicans and their moral and spiritual ilk have devoutly believed that particular bit of perverse nonsense since at least the War of 1812.

In July 1944, at the Mount Washington Hotel in the resort town of Bretton Woods in the White Mountains of New Hampshire, John Maynard Keynes and Harry Dexter White created the New World Order.

Indeed, Paul's capacity for irreverence and wit is true to the John Maynard Keynes maxim: "Words ought to be a little wild, for they are the assault of thoughts on the unthinking"

Michael Szenberg

The kind of economic trouble that Asia experienced a decade ago, and that we're all experiencing now, is precisely the sort of thing we thought we had learned to prevent. In the bad old days big, advanced economies with stable governments-like Britain in the 1920s-might have had no answer to prolonged periods of stagnation and deflation; but between John Maynard Keynes and Milton Friedman, we thought we knew enough to keep that from happening again.