John Maynard Keynes, The General Theory of Employment, Interest and Money (1936) , Book 3, chapter 10, Section 5, p. 12.
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Thus public works even of doubtful utility may pay for themselves over and over again at a time of severe unemployment, if only from the diminished cost of relief expenditure.
— John Maynard Keynes on Utility
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Thus public works even of doubtful utility may pay for themselves over and over again at a time of severe unemployment, if only from the diminished cost of relief expenditure." in the context of "John Maynard Keynes, The General Theory of Employment, Interest and Money (1936) , Book 3, chapter 10, Section 5, p. 12." to mean that wisdom is timeless.
Source: Wikiquote: "Utility" (Quotes)
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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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