We excerpt the following from John Maynard Keynes' famous 1930 essay, “Economic Possibilities for Our Grandchildren”:
The love of money as a possession -- as distinguished from the love of money as a means to the enjoyments and realities of life -- will be recognised for what it is, a somewhat disgusting morbidity, one of those semicriminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease. All kinds of social customs and economic practices, affecting the distribution of wealth and of economic rewards and penalties, which we now maintain at all costs, however distasteful and unjust they may be in themselves, because they are tremendously useful in promoting the accumulation of capital, we shall then be free, at last, to discard.
For a brief biography of John Maynard Keynes, click here. For images of or relating to John Maynard Keynes, click here.
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