Quote#Work
The increase of technical efficiency has been taking place faster…
Quote byJohn Maynard Keynes · 1883–1946
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: Essays in Persuasion (1931), Economic Possibilities for our Grandchildren (1930).
English (original)
The increase of technical efficiency has been taking place faster than we can deal with the problem of labour absorption; the improvement in the standard of life has been a little too quick; the banking and monetary system of the world has been preventing the rate of interest from falling as fast as equilibrium requires.
— John Maynard Keynes
More from John Maynard Keynes
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.
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 power to become habituated to his surroundings is a marked characteristic of mankind.
I work for a Government I despise for ends I think criminal.
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 duty of "saving" became nine-tenths of virtue and the growth of the cake the object of true religion.