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If one machine can cut necessary human labor by half, why make half of the workforce redundant, rather than employing the same number for half the time? This would be possible if the gains from automation were not mostly seized by the rich and powerful, but were distributed fairly instead.

— Robert Skidelsky, Baron Skidelsky

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Finance

More quotes by Robert Skidelsky, Baron Skidelsky

Keynes is not just for the foxhole, but for the emerging world order.

John Maynard Keynes: The Return of the Master (2009)

Keynes's economic philosophy is thus made up of three interdependent parts: his technical macroeconomics, his embattled political philosophy and his ultimate ethical purpose.

John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman (2003)

In ethics Keynes was a Platonist, in politics he was an Aristotelian. His ethics pointed him towards the ideal; his politics towards moderation.

John Maynard Keynes: The Return of the Master (2009)

Keynes was an applied economist who turned to inventing theory because the theory he had inherited could not properly explain what was happening.

John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman (2003)

All epoch-defining events are the result of conjunctures - the correlation of normally unconnected happenings which jolts humanity out of its existing rut and sets it on a new course.

John Maynard Keynes: The Return of the Master (2009)

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Attribution

Quote text and notes from Wikiquote: Robert Skidelsky, Baron Skidelsky (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.