John Maynard Keynes

England
5 Jun 1883 // 21 Apr 1946
Economista

Quotes

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Professionals and speculators are not primarily concerned with making superior long-term forecasts but with foreseeing changes in the conventional basis of valuation a short time ahead of the general public.

The General Theory of Employment Interest and Money (1936)
Speculators may do no harm as bubbles on the steady stream of enterprise. But the position is serious when enterprise becomes the bubble on the whirl-pool of speculation.

The General Theory of Employment Interest and Money (1936)
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
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