Quote#Politics & Power
This state of affairs is not an inevitable consequence of a decreased…
Quote byJohn Maynard Keynes · 1883–1946
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: Essays in Persuasion (1931), "The Economic Consequences of Mr. Churchill" (1925).
English (original)
This state of affairs is not an inevitable consequence of a decreased capacity to produce wealth. I see no reason why, with good management, real wages need be reduced on the average. It is the consequence of a misguided monetary policy.
— John Maynard Keynes
More from John Maynard Keynes
The great events of history are often due to secular changes in the growth of population and other fundamental economic causes, which, escaping by their gradual character the notice of contemporary observers, are attributed to the follies …
The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.
I work for a Government I despise for ends I think criminal.
The power to become habituated to his surroundings is a marked characteristic of mankind.
The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.
The duty of "saving" became nine-tenths of virtue and the growth of the cake the object of true religion.