Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a... John Maynard Keynes - Page 86by Hyman P. Minsky - 2008 - 181 pagesLimited preview - About this book
| Milo Keynes - Biography & Autobiography - 1975 - 354 pages
...do no harm as bubbles on a steady stream of enterprise, but the position is serious when enterprise becomes the bubble on a whirlpool of speculation....activities of a Casino the job is likely to be ill-done.' In his last speech as Chairman of the National Mutual Life in May 1938, he spoke as usual to a wider... | |
| Brian J. Loasby - Business & Economics - 1976 - 266 pages
...future events with even more unstable expectations about future expectations of future expectations. When the capital development of a country becomes...activities of a casino, the job is likely to be ill-done. The measure of success attained by Wall Street, regarded as an institution of which the proper social... | |
| Robert Kuttner - Business & Economics - 1987 - 328 pages
...profitable." And again, in a famous passage, "When the capital development of a country becomes the by-product of the activities of a casino, the job is likely to be illdone." For Keynes, the insight that aggregate demand was all important removed one of the central social defenses... | |
| Cy Gonick - Business & Economics - 1987 - 442 pages
...investment. As he put it in a famous passage, "When the capital development of a country becomes the by-product of the activities of a casino, the job is likely to be ill done."7 "In conditions of laissez-faire." he surmised, "the avoidance of wide fluctuations in employment... | |
| John C. Coffee - Business & Economics - 1988 - 562 pages
...bubbles on a sea of enterprise, but the position is serious when enterprise becomes the bubble on a sea of speculation. When the capital development of a...the activities of a casino, the job is likely to be ill done." I think those words have some meaning today. In the end I'll tell you where I come out.... | |
| John Cunningham Wood - Biography & Autobiography - 1994 - 582 pages
...do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation....activities of a casino, the job is likely to be ill-done. The public investor (Government) is interested in knowing the size of the gap that needs to be filled... | |
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