The Means to Prosperity

John Maynard Keynes

Chapter 1 in Essays in Persuasion, 2010, pp 335-366 from Palgrave Macmillan

Abstract: Abstract If our poverty were due to famine or earthquake or war—if we lacked material things and the resources to produce them, we could not expect to find the means to prosperity except in hard work, abstinence, and invention. In fact, our predicament is notoriously of another kind. It comes from some failure in the immaterial devices of the mind, in the working of the motives which should lead to the decisions and acts of will, necessary to put in movement the resources and technical means we already have. It is as though two motor-drivers, meeting in the middle of a highway, were unable to pass one another because neither knows the rule of the road. Their own muscles are no use; a motor engineer cannot help them; a better road would not serve. Nothing is required and nothing will avail, except a little1 clear thinking.

Keywords: Central Bank; National Income; English Edition; Capital Expenditure; National Currency (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-59072-8_26

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DOI: 10.1007/978-1-349-59072-8_26

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