The Oxford Biblical Studies Online and Oxford Islamic Studies Online have retired. Content you previously purchased on Oxford Biblical Studies Online or Oxford Islamic Studies Online has now moved to Oxford Reference, Oxford Handbooks Online, Oxford Scholarship Online, or What Everyone Needs to Know®. For information on how to continue to view articles visit the subscriber services page.
Show Summary Details

Page of

PRINTED FROM OXFORD REFERENCE (www.oxfordreference.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single entry from a reference work in OR for personal use (for details see Privacy Policy and Legal Notice).

date: 28 September 2022

John Maynard Keynes 1883–1946
English economist. See also Read 

  1. I evidently knew more about economics than my examiners.
    explaining why he performed badly in the Civil Service examinations
    Roy Harrod Life of John Maynard Keynes (1951)
  2. A ‘sound’ banker, alas! is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional and orthodox way along with his fellows, so that no one can really blame him.
    ‘The Consequences to the Banks of the Collapse of Money Values’ (1931)
  3. Lenin was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
    The Economic Consequences of the Peace (1919) ch. 6
  4. I do not know which makes a man more conservative—to know nothing but the present, or nothing but the past.
    The End of Laissez-Faire (1926) pt. 1
  5. This extraordinary figure of our time, this syren, this goat-footed bard, this half-human visitor to our age from the hag-ridden magic and enchanted woods of Celtic antiquity.
    of David Lloyd George
    Essays in Biography (1933) ‘Mr Lloyd George’
  6. Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation.
    General Theory (1936)
  7. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.
    General Theory (1947 ed.) ch. 24
  8. In the long run we are all dead.
    A Tract on Monetary Reform (1923) ch. 3
  9. I work for a Government I despise for ends I think criminal.
    letter to Duncan Grant, 15 December 1917
  10. Look after the unemployment and the Budget will look after itself.
    radio broadcast, 4 January 1933, in Listener 11 January 1933
  11. When the facts change, I change my mind.
    in the 1930s, attributed; Alfred L. Malabre Lost Prophets (1994)