The power to become habituated to his surroundings is a marked characteristic of mankind.
British economist (1883–1946)
He argued that mass unemployment wasn't a self-correcting market glitch but proof that governments needed to spend their way out of slumps — a thought so heretical in the 1930s and so dominant by the 1960s that his name became the economic doctrine of the postwar West.
John Maynard Keynes graduated from Cambridge in 1904 with a mathematics degree, then built his career dismantling the orthodoxy that free markets automatically deliver full employment. During the Great Depression he published The General Theory of Employment, Interest and Money in early 1936, insisting that total spending — not wage flexibility — determined employment levels, and that downturns required deliberate fiscal and monetary intervention. By the late 1930s Western governments were adopting his prescriptions; by two decades after his death in 1946, nearly all capitalist states had foll…
Sourced, dated quotes from John Maynard Keynes
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.
In writing thus I do not necessarily disparage the practices of that generation. In the unconscious recesses of its being Society knew what it was about.
He had one illusion — France; and one disillusion — mankind, including Frenchmen, and his colleagues not least.
No platforms connected yet.
The six component signals behind the Fame score, and their ranks across the leaderboards.
Similar profiles worth watching