John Maynard Keynes, ‘Arthur Balfour’, Essays in Biography [1933] (2019), p. 44
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The Economic Notes on Insular Free Trade is one of the most remarkable scientific deliverances ever made by a Prime Minister in office. It wears well and bears re-reading. I think that economists to-day would treat Balfour's doubts, hesitations, vague sensing of troubles to come, polite wonder whether unqualified laisser-faire is quite certainly always for the best, with more respect, even if not with more sympathy, than they did then.
— John Maynard Keynes on Arthur Balfour
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "The Economic Notes on Insular Free Trade is one of the most remarkable scientific deliverances ever made by a Prime Minister in office. It wears well and bears re-reading. I think that economists to-day would treat Balfour's doubts, hesitations, vague sensing of troubles to come, polite wonder whether unqualified laisser-faire is quite certainly always for the best, with more respect, even if not with more sympathy, than they did then." in the context of "John Maynard Keynes, ‘Arthur Balfour’, Essays in Biography [1933] (2019), p. 44" to mean that wisdom is timeless.
Source: Wikiquote: "Arthur Balfour" (Quotes about Balfour)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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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.
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.
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