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For each individual it is a great advantage to retain the rights over the fruits of his labour even though he must put off the enjoyment of them. His personal wealth is thus increased. For that is what wealth is,—command of the right to postponed consumption.

— John Maynard Keynes How to Pay for the War (1940)

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More quotes by John Maynard Keynes

A study of the history of opinion is a necessary preliminary to the emancipation of the mind.

Essays in Persuasion (1931)

Most men love money and security more, and creation and construction less, as they get older.

Essays in Persuasion (1931)

Words ought to be a little wild, for they are the assault of thoughts on the unthinking.

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.

Essays in Persuasion (1931)

The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.

The General Theory of Employment, Interest and Money (1936)

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