John Maynard Keynes

[1st Baron Keynes of Tilton] (1883_1946 / Cambridge)

John Maynard Keynes
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John Maynard Keynes, 1st Baron Keynes of Tilton in the County of Sussex (5 June 1883 – 21 April 1946) was a British economist whose ideas have profoundly affected the theory and practice of modern macroeconomics, and informed the economic policies of governments. He built on and greatly refined earlier work on the causes of business cycles, and is widely considered to be one of the founders of modern macroeconomics and the most influential economist of the 20th century. His ideas are the basis for the school of thought known as Keynesian economics, as well as its various offshoots.

In the 1930s, Keynes spearheaded a revolution in economic thinking, overturning the older ideas of ... more »

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Quotations

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  • ''Long run is a misleading guide to current affairs. In the long run we are all dead.''
    John Maynard Keynes (1883-1946), British economist. A Tract on Monetary Reform, ch. 3 (1923).
  • ''It is ideas, not vested interests, which are dangerous for good or evil.''
    John Maynard Keynes (1883-1946), British economist. "Concluding Notes," ch. 24, The General Theory of Employment, Interest and Money (1936).
  • ''Nothing mattered except states of mind, chiefly our own.''
    John Maynard Keynes (1883-1946), British economist. Essays in Biography, ch. 39 (1933). Of the "Apostles" group at Cambridge University.
  • ''The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.''
    John Maynard Keynes (1883-1946), British economist. General Theory of Employment, Interest and Money, bk. 4, ch. 12, sct. 5 (1936).
  • ''Words ought to be a little wild for they are the assault of thoughts on the unthinking.''
    John Maynard Keynes (1883-1946), British economist. New Statesman and Nation (London, July 15, 1933).
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