A valuation, which is established as the outcome of the mas… - John Maynard Keynes

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A valuation, which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as the result of a sudden fluctuation of opinion due to factors which really do not make much difference . . . since there will be no strong roots of conviction to hold it steady.

John Maynard Keynes

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About John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.

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Also Known As

Alternative Names: Lord Keynes • Baron Keynes of Tilton • John Maynard Keynes, 1st Baron Keynes • Keynes

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John Kenneth Galbraith Friedrich Hayek Robert Heilbroner Winston Churchill Thomas Sowell

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Nothing mattered except states of mind, chiefly our own.

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A valuation, which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as th… - John Maynard Keynes

About John Maynard Keynes

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