Top Keynes Quotes

Browse top 20 famous quotes and sayings about Keynes by most favorite authors.

Favorite Keynes Quotes

1. "I would reject the distinction between a Keynesian moment and a behavioral moment."
Author: Cass Sunstein
2. "This book (Jarod Kintz's book) is trash. I mean, I assume it is, because that's where I found it while scrounging for lunch. However, I must admit that I haven't read it. I would have, but I am homeless, mainly due to my illiteracy (though Big Government, Keynesian monetary policy, and my struggle with alcoholism certainly played a large role)."
Author: Dora J. Arod
3. "Over the last decade, economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything."
Author: Gavyn Davies
4. "Some economists became obsessed with market efficiency and others with market failure. Generally held to be members of opposite schools-"freshwater" and "saltwater," Chicago and Cambridge, liberal and conservative, Austrian and Keynesian-both sides share an essential economic vision. They see their discipline as successful insofar as it eliminates surprise-insofar, that is, as the inexorable workings of the machine override the initiatives of the human actors."
Author: George Gilder
5. "At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory."
Author: James Tobin
6. "If a blanket could be used to keep one person warm, then it stands to reason that all the blankets in the world are to blame for global warming, and I think our political leaders, with all their wisdom, should confiscate all blankets and burn them. The cure for Global Warming is to start a massive bonfire, and while the earth will surely get warmer in the short term, in the end we'll all be like Keynes' corpse anyway, so what's it really matter?"
Author: Jarod Kintz
7. "In my book, 'The Big Three in Economics,' I found that the press has frequently and prematurely written the obituary of Adam Smith and his free-market philosophy, only to see a new and more vibrant global marketplace reemerge after being savagely attacked by Keynesians, Marxists, and assorted socialists."
Author: Mark Skousen
8. "Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in The General Theory of Employment, Interest and Money,set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man!"
Author: Milton Friedman
9. "There is one good thing about Marx: he was not a Keynesian."
Author: Murray Rothbard
10. "Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor, they have a propensity to consume that's much higher than the wealthy, though I wish they would talk to my wife about that; she seems to have a propensity to consume."
Author: Myron Scholes
11. "Keynes, quite ignoring the covert gestures, the attempts at signaling, of nearly every senior officer, examined [Lily] and declared that she was perfectly fit to fly, "had better fly, I should say; this agitation is unnatural, and must be worked off.""But perhaps," Laurence said, voicing the reluctance which the captains all privately shared, and they as a body began to suggest flights out over the ocean, along the scenic and settled coastline and back; gentle exercise."I hope," Catherine said, going pink clear up to her forehead in a wave of color, "I hope that no-one is going to fuss; I would dislike fuss extremely."
Author: Naomi Novik
12. "The crew were all of them inclined to cough and sneeze, the boys particularly, and Keynes said, "We ought put them all in the water: to keep the chest warm must be the foremost concern."Laurence agreed without thinking and was shortly appalled by the sight of Emily bathing with the rest of the young officers, innocent of both clothing and modesty."You must not bathe with the others," Laurence said to her urgently, having bundled her out and into a blanket. "Mustn't I?" she said, gazing up at him damp and bewildered."Oh, Christ," Laurence said, under his breath. "No," he told her firmly, "it is not suitable; you are beginning to be a young lady.""Oh," she said dismissively, "Mother has told me all about that, but I have not started bleeding yet, and anyway I would not like to go to bed with any of them," and a thoroughly routed Laurence feebly fell back on giving her some make-work, and fled to Temeraire's side."
Author: Naomi Novik
13. "Note for Americans and other aliens: Milton Keynes is a new city approximately halfway between London and Birmingham. It was built to be modern, efficient, healthy, and, all in all, a pleasant place to live. Many Britons find this amusing."
Author: Neil Gaiman
14. "There are few genuine conservatives within the U.S. political system, and it is a sign of the intellectual corruption of the age that the honorable term 'conservatism' can be appropriated to disguise the advocacy of a powerful, lawless, aggressive and violent state, a welfare state for the rich dedicated to a lunatic form of Keynesian economic intervention that enhances state and private power while mortgaging the country's future."
Author: Noam Chomsky
15. "The appeal to the intellectually insecure is also more important than it might seem. Because economics touches so much of life, everyone wants to have an opinion. Yet the kind of economics covered in the textbooks is a technical subject that many people find hard to follow. How reassuring, then, to be told that it is all irrelevant -- that all you really need to know are a few simple ideas! Quite a few supply-siders have created for themselves a wonderful alternative intellectual history in which John Maynard Keynes was a fraud, Paul Samuelson and even Milton Friedman are fools, and the true line of deep economic thought runs from Adam Smith through obscure turn-of-the-century Austrians straight to them."
Author: Paul Krugman
16. "Keynes declared capitalism the best system ever devised to achieve a civilized economic society. But he recognized in it two major faults—"its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes."
Author: Robert B. Reich
17. "Neither claimed any responsibility for Milton Keynes, but both reported it as a success."
Author: Terry Pratchett
18. "As a teenager, my father took me to the shows at the Architectural Association and to places like Milton Keynes back when it was first being built. But I couldn't find anything for me. There seemed to be despair at the possibility of the built environment possessing any imagination in the real world."
Author: Thomas Heatherwick
19. "I'm happy to say I am a Harrison-Kreps-Keynesian."
Author: Thomas J. Sargent
20. "Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times."
Author: Thomas J. Sargent

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Brought before HCUA, Miller was chastised for the suggestion that Congressional investigations might have something in common with witch trials; he replied, "The comparison is inevitable, sir." Thomas was shortly afterwards thrown in jail for fraud."
Author: Carl Sagan

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