[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire. β¨ The General Theory of Employment, Interest and Money. Book by John Maynard Keynes, Preface to the German Edition, February, 1936.
More Author Quotes
- Newton was not the first of the age of reason, he was the last of the magicians. β¨ John Maynard Keynes (2015). The Essential Keynes, p.516, Penguin UK
- The businessman is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed to society. β¨ John Maynard Keynes, Royal E β¦ βΆ
- Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a c β¦ βΆ
- This long run is a misleading guide to current affairs. 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 wh β¦ βΆ
- Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
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