This is taken from the book by Peter L. Bernstein Against The Gods.
John Maynard Keynes, the great English economist had predicted today’s financial chaos.
“When the capital development of a country becomes the by-product of the activities of a casino, the job is likely to be ill-done.”
In the coming days I will extract some more interesting extracts from this international bestseller.
Note: The picture used belongs to Richard Styles. To see more of his photographs visit his gallery.
Monday, October 20, 2008
Keynes Warning To The Financial Institutions
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