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The consequences of Mr. Keynes's attack upon orthodoxy are very far reaching. First, it cuts the ground from under the pretended justification of inequality, and allows us to see the monstrous absurdity of our social system with a fresh eye.
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Joan Robinson, An Essay On Marxian Economics, Chapter VIII, p. 67

 

John Maynard Keynes

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The inspiring theory for Bretton Woods was suggested by a well known economist, beyond any suspect, John M. Keynes. Lord Keynes - as in the meanwhile he has been appointed by the English Crown - appeared worried about possible troubles in the international system of payments, like those occurred after World War One, which contributed to the new conflict. He has published an article on this subject in 1946. Consequently he gave the blessing of his authority to the agreements. Lord Keynes, as chief of the British delegation, was appointed chairman of the Commission II, charged for the institution of an International Bank for Reconstruction and Development - IBRD (World Bank). The Bretton Woods agreements represented a sort of solemn will for Lord Keynes, since he died out two years later the signature.

 

Nico Perrone

 

I am conscious that an equal division of property is impracticable. But the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property..[a] means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise.

 

Thomas Jefferson

 

Organisation of social insurance should be treated as one part only of a comprehensive policy of social progress. Social insurance fully developed may provide income security; it is an attack upon Want. But Want is one only of five giants on the road of reconstruction and in some ways the easiest to attack. The others are Disease, Ignorance, Squalor and Idleness.

 

William Henry Beveridge

 

Within a certain kind of environment, an activity may be checked so that the only meaning which accrues is of its direct and tangible isolated outcome. One may cook, or hammer, or walk, and the resulting consequences may not take the mind any farther than the consequences of cooking, hammering, and walking in the literal — or physical — sense. But nevertheless the consequences of the act remain far-reaching. To walk involves a displacement and reaction of the resisting earth, whose thrill is felt wherever there is matter. It involves the structure of the limbs and the nervous system; the principles of mechanics. To cook is to utilize heat and moisture to change the chemical relations of food materials; it has a bearing upon the assimilation of food and the growth of the body. The utmost that the most learned men of science know in physics, chemistry, physiology is not enough to make all these consequences and connections perceptible. The task of education, once more, is to see to it that such activities are performed in such ways and under such conditions as render these conditions as perceptible as possible.

 

John Dewey

 

Friedrich Hayek, who died on March 23, 1992 at age 92, was arguably the greatest social scientist of the twentieth century. By the time of his death, his fundamental way of thought had supplanted the system of John Maynard Keynes — his chief intellectual rival of the century — in the battle since the 1930s for the minds of economists and the policies of governments."

 

Friedrich Hayek