A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
John Maynard KeynesA sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.
John Maynard KeynesIt is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
John Maynard KeynesIt is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.
John Maynard Keynes