If we consistently act on the optimistic hypothesis, this h… - John Maynard Keynes

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If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised; whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.

John Maynard Keynes

optimism

English

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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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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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The old saying holds. Owe your banker £1000 and you are at his mercy; owe him £1 million and the position is reversed.

If .. spontaneous optimism falters, leaving us to depend on nothing but a mathematical expectation, enterprise will fade and die.

By what modus operandi does credit restriction attain this result? In no other way than by the deliberate intensification of unemployment.

If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised; whilst by acting on the pessimistic hypothesis we can … - John Maynard Keynes

About John Maynard Keynes

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