20 quotes
British economist (1883–1946)
“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.”
"Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work together for the benefit of all."
on Capitalism
"The difficulty lies not so much in developing new ideas as in escaping the old ones."
on Innovation
"The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty."
on Philosophy
"The difficulty lies not so much in developing new ideas as in escaping from old ones."
"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."
"Ideas shape the course of history."
"A study of the history of opinion is a necessary preliminary to the emancipation of the mind."
on Knowledge
"The long run is a misleading guide to current affairs. In the long run we are all dead."
"The importance of money flows from it being a link between the present and the future."
on Time
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
on Wisdom
"I work for a Government I despise for ends I think criminal."
on Politics
"The avoidance of taxes is the only intellectual pursuit that still carries any reward."
"Education: the inculcation of the incomprehensible into the indifferent by the incompetent."
on Education
"It is better to be roughly right than precisely wrong."
"If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has."
"When the facts change, I change my mind. What do you do, sir?"
"When my information changes, I alter my conclusions. What do you do, sir?"
"In the long run we are all dead."
on Life
"Most men love money and security more, and creation and construction less, as they get older."
