in Quotes & Aphorisms (Wisdom)
Once doubt begins it spreads rapidly.
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If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.
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It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
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If I am right in supposing it to be comparatively easy to make capital-goods so abundant that the marginal efficiency of capital is zero, this may be the most sensible way of gradually getting rid of many of the objectionable features of capitalism.
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To see the British Prime Minister watching the company, with six or seven senses not available to ordinary men, judging character, motive, and subconscious impulse, perceiving what each was thinking and even what each was going to say next, and compounding with telepathic instinct the argument or appeal best suited to the vanity, weakness, or self-interest of his immediate auditor, was to realize that the poor President would be playing blind man's bluff in that party.
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I believe that the future will learn more from the spirit of Gesell than from that of Marx.
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I believe myself to be writing a book on economic theory which will largely revolutionize, not, I suppose, at once but in the course of the next ten years, the way the world thinks about economic problems.
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Thus public works even of doubtful utility may pay for themselves over and over again at a time of severe unemployment, if only from the diminished cost of relief expenditure.
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The avoidance of taxes is the only intellectual pursuit that still carries any reward.
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The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.
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