Following is our list of the most famous keynesian quotations and slogans. We've compiled this selection of inspirational keynesian quotes. Hopefully, these keynesian quotes will keep you motivated not only during hard times but to expand your keynesian knowledge!
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. — Ronald Reagan
I've heard it said that an economist is a portfolio manager who never marks to market. — Howard Marks
It is the aim of good government to stimulate production, of bad government to encourage consumption. — Jean-Baptiste Say
You can think big when you're thinking about macroeconomics. — Cathie Wood
Big-government economics breeds crony capitalism. It's corrupt, anything but neutral, and a barrier to broad participation in prosperity. — Paul Ryan
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. — Friedrich August von Hayek
The new mixed economy looks...for a synergy between public and private sectors. — Anthony Giddens
We are not jumping on the austerity bandwagon. A healthy economy is by far the most important thing for Social Democrats. — Helle Thorning-Schmidt
[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics — Ludwig von Mises
Political Economy or Economics is a study of mankind in the ordinary business of life. — Alfred Marshall
Government is not the generator of economic growth; working people are. — Phil Gramm
We need to have a strong economy that can create employment opportunities and that can also produce the revenue that we need to defend our country at home and abroad. — Bob Menendez
The boom, not the slump, is the right time for austerity at the Treasury. — John Maynard Keynes
Economics was largely a form of intellectual prostitution where you got rewarded for saying what the powers that be wanted to hear. — Max Tegmark
Hard times create capitalists. Capitalists create good times. Good times create socialists. Socialists create hard times. — Patrick Bet-David
Short Keynesian Quotes
Keynesians are to economics what witch doctors are to medicine. — Peter Schiff
There is one good thing about Marx: he was not a Keynesian. — Murray Rothbard
I'm happy to say I am a Harrison-Kreps-Keynesian. — Thomas J. Sargent
I would reject the distinction between a Keynesian moment and a behavioral moment. — Cass Sunstein
The end of World War II and the dismantling of the New Deal meant the U.S. government cut its spending by an astonishing 75% between 1944 and 1948, and it also removed most price controls for good measure. And yet, the U.S. economy witnessed an extraordinary boom during these years. The roughly ten million men who were mobilized for the war came back home and were almost seamlessly absorbed into the labor force, as economic production boomed, flying in the face of all Keynesian predictions and utterly obliterating the ridiculous notion that the level of spending is what determines output in the economy. — Saifedean Ammous
The drain of gold from Britain is a little-known story with enormous consequences. Liaquat Ahamed’s Lords of Finance focuses on this episode, and does a good job of discussing the individuals involved and the drama taking place, but adopts the reigning Keynesian understanding of the issue, putting the blame for the entire episode on the gold standard. — Saifedean Ammous
It should be of interest to modern Keynesian economists, as well as to the present generation of investors, that although the emperors of Rome frantically tried to 'manage' their economies, they only succeeded in making matters worse. Price and wage controls and legal tender laws were passed, but it was like trying to hold back the tides. Rioting, corruption, lawlessness and a mindless mania for speculation and gambling engulfed the empire like a plague. With money so unreliable and debased, speculation in commodities became far more attractive than producing them. — Saifedean Ammous
Keynesians think that you can take water from the deep end of the swimming, pump it into the shallow end of the swimming pool and somehow the water level of the swimming pool will rise. — Thomas Woods
Economics departments are dominated by Marxism, which is taken straight or on the rocks, in the form of Keynesianism. — Ayn Rand
It seems that neither the Keynesian nor the Marxian prognosis of the future of capitalism is being fulfilled and we are left without any particular theory as to what will happen next. — Joan Robinson
One nanny said, "Feed a cold"; she was a neo-Keynesian. Another nanny said, "Starve a cold"; she was a monetarist. — Harold MacMillan
Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more. — Thomas Sowell
Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor. — Ha-Joon Chang
Henry Ford, in a sense, was the first Keynesian. He paid his assembly workers high wages so they could afford to buy his cars. — Robert Kuttner
In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today. — Peter Thiel
At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory. — James Tobin
When you're facing the threat of recession, you need to have an expansionary monetary and fiscal policy. Pre-Keynesian, Hooverite views are dead everywhere except on 19th Street in Washington. — Joseph Stiglitz
The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations. — Ludwig von Mises
You could be disqualified for a job [at Harvard] if you were either smart or Jewish or Keynesian. So what chance did this smart, Jewish, Keynesian have? — Paul Samuelson
For better or worse, US Keynesianism was so far ahead of where it started. I am a cafeteria Keynesian. You know what a cafeteria catholic is? — Paul Samuelson
I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured. — Joan Robinson
The idea that full employment without property ownership will solve the world's problems is utter nonsense. The Keynesian concept that the function of capital is merely to amplify labor, not independently produce wealth is simply blindness. — Louis O. Kelso
No Keynesian has ever proposed a measure designed to make the individual more productive; for that would require institutional means for enabling him to acquire ownership of the nonhuman factor of production: capital. — Louis O. Kelso
But public works, economic protectionism, cheap money, "deficit-financed government spending," and "the animal spirits of the spendthrift in the service of boosting "consumption demand"... Doesn't Keynesianism simply appeal to the worst in human nature? — Ilana Mercer
To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political parties. One may condemn the fraud and the current system, but it must be called by its proper names Keynesian inflationism, interventionism, and corporatism. — Ron Paul
Over the last decade, - economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything. — Gavyn Davies
The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions. — Ludwig von Mises
World War II revealed two of the enduring features of the Keynesian Revolution. One was the moral difference between spending for welfare and spending for war. During the Depression very modest outlays for the unemployed seemed socially debilitating, economically unsound. Now expenditures many times greater for weapons and soldiers were perfectly safe. It's a difference that still persists. — John Kenneth Galbraith
There are few genuine conservatives within the U.S. political system, and it is a sign of the intellectual corruption of the age that the honorable term 'conservatism' can be appropriated to disguise the advocacy of a powerful, lawless, aggressive and violent state, a welfare state for the rich dedicated to a lunatic form of Keynesian economic intervention that enhances state and private power while mortgaging the country's future. — Noam Chomsky
Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference. — James Surowiecki
In Conclusion
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