John Maynard Keynes Quotes


As for Marx, his economic value, apart from occasional … flashes of insight, is nil.


Context

This quotation is important because so many modern conservatives regard Keynes as a Marxist economist. Those who do, generally have not read neither the one or the other—possibly neither.


Citations

John Maynard Keynes, 1883-1946, British Economist, Letter to George Bernard Shaw, January 1, 1935

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

Since the end of WWII till the breakup of the Soviet Union, the Bulgarians were part of the Soviet Bloc and operated under communism that was supposedly based on Marxism. However it was not in many critical respects. But few modern Russian style Communists are familiar with or understand Marxism.


Marx believed that the system of capitalism if it succeeded would be forced to globalize. To him, globalization was an inevitable consequence of capitalism itself and purely national industries would be destroyed.


John Maynard Keynes
John Maynard Keynes
  • Born: June 5, 1883
  • Died: April 21, 1946
  • Nationality: British
  • Profession: Economist

John Maynard Keynes, 1st Baron Keynes, CB, FBA (5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics.