capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable." - Meaning and context.">
"The End of Laissez-faire" (1926); Full text online; Ch. 5

For my part I think that capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable.

— John Maynard Keynes

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "For my part I think that capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable." in the context of ""The End of Laissez-faire" (1926); Full text online; Ch. 5" to mean that wisdom is timeless.

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Source: Wikiquote: "John Maynard Keynes" (Quotes, 1930s, Essays in Persuasion (1931)) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
John Maynard Keynes

About John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes of Tilton (5 June 1883 – 21 April 1946) was a British economist whose ideas, known as Keynesian economics, had a major impact on modern economic and political theory and on many governments' fiscal policies.