John Maynard Keynes Quotes
How long will it be necessary to pay City men so entirely out of proportion to what other servants of society commonly receive for performing social services not less useful or difficult?
Keynes, John Maynard. Essays in Persuasion. Macmillan, 1931.
The argument here is that since the poor working class wages are so low, that they cannot save for an emergency, therefore the society must provide for welfare for those who might otherwise starve.
At the time, Ambani was the richest man in India. Almost all of the great business developers have objectives far more than making money.
Although his title was “Deputy Governor” he was the highest ranking official of the British Government in Pennsylvania so he is often referred to as “Governor”. Many of his views came from the English Civil War Radicals. He organized a “Leather Apron Club” in Pennsylvania.
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.