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In order to calculate the size of the cake which will be left for civilian consumption, we have to estimate (1) the maximum current output that we are capable of organising from our resources of men and plant and materials, (2) how fast we can safely draw on our foreign reserves by importing more than we export, (3) how much of all this will be used up by our war effort.

— 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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