Keynes quotes — what was then is now

Finding quotes, for an assignment that i’ve given myself after reading a friend’s writing. My assignment is John Maynard Keynes — and goodness, bless wikiquote for this is what if offers on JMK:

#1 — on the limits (in time and personal fulfillment) to the accumulation of wealth:
When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exalted some of the most distasteful of human qualities into the position of the highest virtues. We shall be able to afford to dare to assess the money-motive at its true value. The love of money as a possession — as distinguished from the love of money as a means to the enjoyments and realities of life — will be recognised for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease … But beware! The time for all this is not yet. For at least another hundred years we must pretend to ourselves and to everyone that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still. For only they can lead us out of the tunnel of economic necessity into daylight.

 

#2 — on malaprops. and the power of words.
Words ought to be a little wild, for they are the assault of thoughts on the unthinking.

  • New Statesman and Nation (15 July 1933)

 

#3 —
The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems — the problems of life and of human relations, of creation and behaviour and religion.

  • First Annual Report of the Arts Council (1945-1946)

#4 —

It is ideas, not vested interests, which are dangerous for good or evil.

  • Ch. 24 “Concluding Notes” pg.384

And from intellectualtakeout

“The whole of the labor of the unemployed is available to increase the national wealth. It is crazy to believe that we shall ruin ourselves financially by trying to find means for using it and that safety lies in continuing to maintain idleness.”

John Maynard Keynes
Quoted from: 
Keynes’s Approach to Full Employment: Aggregate or Targeted Demand?
Pavlina R. Tcherneva
Working Paper No. 542
The Levy Economic Institute of Bard College
August 2008

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One thought on “Keynes quotes — what was then is now

  1. this is where some concerted focus could be well-served:

    Many Democrats feel the sunset of the Bush tax rates is their biggest leverage in the deficit talks.

    Democrats can easily block the extension of low tax rates for the wealthy, capital gains and stock dividends, giving Republicans ample incentive to make significant concessions….

    Coburn found that nearly 1,500 millionaires did not pay federal income tax in 2009.

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