Skip to content

From Keynes' point of view the economic system, before the war failed in its solution of the unemployment problem

— Lawrence Klein

Another quote →

Topics

War

More quotes by Lawrence Klein

At the beginning of a decade it is tempting to look ahead for the next ten years.

There are many reasons there was higher inflation in the 1970s. But that is a complicated story that deals with much more than tax policies.

I believe that monetary policy has a chronic defect. It is asymmetric—it works better in restraining an economy than in stimulating an economy.

The centrally planned economics used to consider themselves well insulated against the economic ills of the rest of the world. This is no longer the case.

Although I was not aware of it at the time, the experience of growing up during the Great Depression was to have a profound impact on my intellectual and professional career.

All Lawrence Klein quotes →

You may also like

All religions, arts and sciences are branches of the same tree. All these aspirations are directed toward ennobling man's life, lifting it from the sphere of mere physical existence and leading the individual towards freedom.

Albert Einstein Moral Decay (1937)

The last half of the 20th century will seem like a wild party for rich kids, compared to what's coming now.

Hunter S. Thompson

Only the dead have seen the end of war.

George Santayana Soliloquies in England and Later Soliloquies (1922)

Wars produce many stories of fiction, some of which are told until they are believed to be true.

Ulysses S. Grant Personal Memoirs of General U. S. Grant (1885)

Attribution

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