John Maynard Keynes, 1st Baron Keynes, 1883 - 1946
TIME magazine cover (31 December 1965)
Born: 5 June 1883, Cambridge, England, UK
Died: 21 April 1946, Firle, East Sussex, England, UK
Keynes' family was well-to-do and academic; his father was an economist and philosopher, his mother was the first female mayor of the town. He thrived at Eton and at Cambridge University. He joined the India Office where he worked on a dissertation, often during office hours, which earned him a fellowship at King's College. In 1908 he quit the civil service and returned to Cambridge. At the start of World War I he joined the treasury, afterward criticized the penalties against Germany in The Economic Consequences of Peace, a book that sold well and gave him an international reputation. Between the wars he invested successfully for himself and strengthened the finances of King's College, of which he was bursar. In 1925 he married a young Russian ballerina, Lydia Lopokova, attracting some censure over their age and academic differences including from his friends, and in spite of the fact that most of his previous relationships had been with men. In 1936 he published The General Theory of Employment, Interest, and Money which became the standard of economic theory and made him Britain's most-influential economist. He rejoined the treasure at the start of the second world war, was created Baron and seated in the House of Lords, and he was a key player in the Bretton Woods Conference that created the World Bank and the International Monetary Fund, essentially establishing the international standards for the international monetary system. His health was failing at the time of the conference and he died just weeks after the conference but his work, known as Keynesian economics, was the benchmark for policy for another three decades.
Biography from Wikipedia and the BBC
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Quotes found : 70 — (15 per page, this is page 1 of 5) 1 2 3 4 5 Next
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- A study of the history of opinion is a necessary preliminary to the emancipation of the mind. permalink
John Maynard Keynes - All production is for the purpose of ultimately satisfying a consumer. permalink
John Maynard Keynes - The General Theory of Employment, Interest, and Money (1935) - Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be; and this national weakness finds its nemesis in the stock market. permalink
John Maynard Keynes - The General Theory of Employment, Interest, and Money (1935) - But the dreams of designing diplomats do not always prosper, and we must trust the future. permalink
John Maynard Keynes - The Economic Consequences of the Peace (1919) - But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital. permalink
John Maynard Keynes - The General Theory of Employment, Interest, and Money (1935) - By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some....The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose. permalink
John Maynard Keynes - Economic Consequences of the Peace (1920) - Canada is a place of infinite promise. We like the people, and if one ever had to emigrate, this would be the destination, not the U.S.A. The hills, lakes, and forests make it a place of peace and repose of the mind, such as one never finds in the U.S.A. permalink
John Maynard Keynes - Capitalism is the astonishing belief that the nastiest motives of the nastiest men somehow or other work for the best results in the best of all possible worlds. permalink
John Maynard Keynes - Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone. permalink
John Maynard Keynes - Economic privation proceeds by easy stages, and so long as men suffer it patiently the outside world cares little. permalink
John Maynard Keynes - The Economic Consequences of the Peace (1919) - Economics is a very dangerous science. permalink
John Maynard Keynes - "Robert Malthus", Essays In Biography (1933) - Education: the inculcation of the incomprehensible into the indifferent by the incompetent. permalink
John Maynard Keynes - For at least another hundred years we must pretend to ourselves and to everyone that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still. permalink
John Maynard Keynes - "The Future", Essays in Persuasion (1931) - For my part I think that capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable. permalink
John Maynard Keynes - The End of Laissez-faire (1926) - For the importance of money essentially flows from its being a link between the present and the future. permalink
John Maynard Keynes - The General Theory of Employment, Interest, and Money (1935)
Quotes found : 70 — (15 per page, this is page 1 of 5) 1 2 3 4 5 Next
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