Economists Keynes Quotes & Sayings

One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes. — Kenneth E. Boulding

The work on [polio] prevention was long delayed by ... misleading experimental models of the disease in monkeys — Albert Sabin

That's Lily all over, you know: she works like a slave preparing the ground and sowing her seed; but the day she ought to be reaping the harvest she over-sleeps herself or goes off on a picnic. — Edith Wharton

Being able to disappear and appear and go through walls and fly with the speed of thought isn't going to make you half as happy as to see those you witnessed to, Hi there! Wow, didn't I meet you on the streets? Didn't I talk to you about Jesus? Wow! Here you are! Hallelujah! That's going to be the biggest thrill of all! — David Berg

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid. — John Maynard Keynes

Experiment and reason, tempered by intuition, were to him preferable to solid plodding in the well-trodden paths of experience. — Richard Davenport-Hines

He never sat an examination in economics: his knowledge came from pondering problems and discussing them as much as from book-learning. — Richard Davenport-Hines

Setting proper expectations from the moment you meet a potential client will reduce stress and enable all parties to work together, rather than struggling contentiously through the process. — Michelle Moore

Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all. — John Maynard Keynes

Jesus took care of himself. He ate healthy food. He rested when he was weary. He sought time alone when he needed to recharge. He laughed with his friends. He wept when he was sad. He walked long distances and climbed hills and moved. From barren wilderness to unpredictable waters, he spent the majority of his time outside in nature. He loved wholeheartedly. He served others. He cooked. He studied and learned and grew in wisdom. Jesus cared for himself physically, mentally and spiritually.
To be aligned with him, we must do no less. — Toni Sorenson

I want the attention, I love the attention. — Alessandra Ambrosio

That's the thing about saying "sorry" or "excuse me" in this city. No one ever does. Or when we do apologize, we don't actually say it clearly. We just whisper the outline of excuse me or form the word sorry with our mouth, as if we expect people to lip-read. — Susane Colasanti

Keynes eliminated economic theory's ancient role as spoilsport for inflationist and statist schemes, leading a new generation of economists on to academic power and to political pelf and privilege. — Murray Rothbard

So what have Keynes's 'madmen in authority' done with the ideas they inherited from defunct economists? They have set about dismantling the properly economic powers and initiatives of the state. — Tony Judt

I want to write music that will outlive me. — Ray Lamontagne

If you put two economists xin a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions. — Winston Churchill

The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist. — John Maynard Keynes

Finance is concerned with the relations between the values of securities and their risk, and with the behavior of those values. It aspires to be a practical, like physics or chemistry or electrical engineering. As John Maynard Keynes once remarked about economics, "If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid." Dentists rely on science, engineering, empirical knowledge, and heuristics, and there are no theorems in dentistry. Similarly, one would hope that nance would be concerned with laws rather than theorems, with behavior rather than assumptions. One doesn't seriously describe the behavior of a market with theorems. — Emanuel Derman

It is spectacular to watch an erupting volcano; but it is even much more spectacular to watch the rise of a newly exploding revolutionary idea! — Mehmet Murat Ildan

There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: "In the long run we are all dead." And such shallow wisecracks pass as devastating epigrams and the ripest wisdom. — Henry Hazlitt

Friedrich Hayek, who died on March 23, 1992 at age 92, was arguably the greatest social scientist of the twentieth century. By the time of his death, his fundamental way of thought had supplanted the system of John Maynard Keynes - his chief intellectual rival of the century - in the battle since the 1930s for the minds of economists and the policies of governments. — Julian Simon

Thus, after all, the actual rates of aggregate saving and spending do not depend on Precaution, Foresight, Calculation, Improvement, Independence, Enterprise, Pride or Avarice. Virtue and vice play no part. It all depends on how far the rate of interest is favourable to investment, after taking account of the marginal efficiency of capital. No, this is an overstatement. If the rate of interest were so governed as to maintain continuous full employment, virtue would resume her sway;
the rate of capital accumulation would depend on the weakness of the propensity to consume. Thus, once again, the tribute that classical economists pay to her is due to their concealed assumption that the rate of interest always is so governed. — John Maynard Keynes

The science of public happiness was how Keynes saw his work as an economist. — Richard Davenport-Hines

I'm a coward, January. I'm not sure if I can handle another heartbreak and I know if I fell for you, I'd fall so hard there'd be no coming back from it. You're extraordinary. — Fisher Amelie

I don't think that much change comes from economists. I think it comes more from political realities. Probably the two giants of the 20th century, who actually did shift government policy in the U.S. and around the world, were John Maynard Keynes and Milton Friedman. I don't see anybody in our system who is at that level of influence. — Adam Davidson

It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium. — John Kenneth Galbraith

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