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Image of the quote is loading... SaveSave When the facts change, I change my mind. What do you do, sir? - Quote by John Maynard Keynes

When the facts change, I change my mind. What do you do, sir?

John Maynard Keynes
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The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate secretly and unobserved an important part of the wealth of their citizens.
John Maynard Keynes
It is better to be roughly right than precisely wrong.
John Maynard Keynes
In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.
John Maynard Keynes
The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.
John Maynard Keynes
We should not conclude from this that everything depends on waves of irrational psychology. On the contrary, the state of long-term expectation is often steady, and, even when it is not, the other factors exert their compensating effects. We are merely reminding ourselves that human decisions affecting the future, whether personal or political or economic, cannot depend on strict mathematical expectation, since the basis for making such calculations does not exist; and that it is our innate urge to activity which makes the wheels go round, our rational selves choosing between the alternatives as best we are able, calculating where we can, but often falling back for our motive on whim or sentiment or chance.
John Maynard Keynes
Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.
John Maynard Keynes
In the long run we are all dead.
John Maynard Keynes
Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.
John Maynard Keynes
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