John Maynard Keynes Quotes About Liberalism
-
It is not the ownership of the instruments of production which it is important for the State to assume. If the State is able to determine the aggregate amount of resources devoted to augmenting the instruments and the basic rate of reward to those who own them, it will have accomplished all that is necessary. Moreover, the necessary measures of socialization can be introduced gradually and without a break in the general traditions of society.
→ -
For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
→ -
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.
→ -
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
→ -
It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.
→ -
I see, therefore, the rentier aspect of capitalism as a transitional phase which will disappear when it has done its work. And with the disappearance of its rentier aspect much else in it besides will suffer a sea-change. It will be, moreover, a great advantage of the order of events which I am advocating, that the euthanasia of the rentier, of the functionless investor, will be nothing sudden, merely a gradual but prolonged continuance of what we have seen recently in Great Britain, and will need no revolution.
→
Related Authors
-
Alfred Marshall Economist -
Jean-Baptiste Say Economist -
Paul Samuelson Economist -
Adam Smith Philosopher -
Francois Quesnay Economist -
John Stuart Mill Philosopher -
Karl Marx Philosopher -
Friedrich August von Hayek Economist -
Sir John Richard Hicks Economist -
Michal Kalecki Economist -
John Kenneth Galbraith Economist -
Joan Robinson Economist -
David Ricardo Economist -
Thomas Malthus Scholar -
Milton Friedman Economist -
Irving Fisher Economist -
Ludwig von Mises Philosopher -
Paul Krugman Economist -
Joseph A. Schumpeter Economist