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Quotation by John Maynard Keynes
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John Maynard Keynes (17)Additional Sources
A Tract on Monetary Reform (1923)"Concluding Notes" The General Theory of Employment, Interest and Money (1936)Essays in Biography (1933)Essays in Persuasion (1931)First Annual Report of the Arts Council (1945-1946)Related Subjects
thrift (3) frugality (3) saving (2) money (2) labor (2) independence (2) youth (1) bread (1) health (1) funny (1)
For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
John Maynard Keynes (1883–1946), British economist. Essays in Persuasion, ch. 5, "The Future," (1931).
Keynes argued that the "detestable ... love of money" and other vices of greed must continue until the economy has grown enough to satisfy human wants and provide the potential for removing poverty.
Keynes argued that the "detestable ... love of money" and other vices of greed must continue until the economy has grown enough to satisfy human wants and provide the potential for removing poverty.
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Licensed from Columbia University Press. All rights reserved. Except as otherwise permitted by written agreement, the following are prohibited: copying substantial portions or the entirety of the work in machine readable form, making multiple printouts thereof, and other uses of the work inconsistent with U.S. and applicable foreign copyright and related laws.
