John Maynard Keynes Quotes
Perhaps a day might come when there would be at last be enough to go round, and when posterity could enter into the enjoyment of our labors.
Keynes, John Maynard. The Economic Consequences of the Peace. Harcourt, Brace and Howe, 1920, p. 20.
Ironically, at the time the great worry was the ability to produce sufficient food for the whole world. Today, we find that task relatively easy, but we still have malnutrition and starvation on some parts of the world. Supply is only one factor. Distribution is as critical.
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.