„Notwithstanding the predominant role in academic economic theory that Keynes and Keynesian economics achieved during the twentieth century, his basic outlook and policy recommendations were shaped by the particular experiences of the British Empire’s waning years.“

Alan O. Ebenstein47
American political scientist, educator and author 1959

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„For policy, the central fact is that Keynesian policy recommendations have no sounder basis, in a scientific sense, than recommendations of non-Keynesian economists or, for that matter, non-economists.“

—  Thomas J. Sargent American economist 1943
Robert Lucas, Jr. and Thomas J. Sargent, "After Keynesian macroeconomics", After the Phillips Curve: Persistence of High Inflation and High Unemployment (1978).


„The legacy of Keynesian economics“

—  Martin Feldstein American economist 1939
Context: The legacy of Keynesian economics — the misdiagnosis of unemployment, the fear of saving, and the unjustified faith in government intervention — affected the fundamental ideas of policy makers for a generation and altered such basic institutions of our economy as the tax laws, the social insurance programs and the financial system. Changing these deeply ingrained aspects of economic life can happen only slowly. But the economics profession has undoubtedly begun to re-examine and re-evaluate the Keynesian notions that have been so dominant for the past 35 years. There is a return to older and more basic economic truths and an attempt to adapt these ideas to the changing conditions of technology and affluence. From this is emerging a new view of unemployment, of saving, and of the role of government. "The Retreat from Keynesian Economics", The Public Interest (1981).

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Richard Nixon photo

„I am now a Keynesian in economics.“

—  Richard Nixon 37th President of the United States of America 1913 - 1994
Just after a broadcast interview with four newsmen (6 January 1971), according to Howard K. Smith, one of the interviewers. "Nixon Has Shifted to Ideas of Keyness: ABC Commentator" http://news.google.com/newspapers?id=awpdAAAAIBAJ&pg=916,487551

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„Keynes was to economics as Katrina was to New Orleans.“

—  Ilana Mercer South African writer
“Seeking honorable Hondurans for Hire,” http://www.ilanamercer.com/phprunner/public_article_list_view.php?editid1=506 WorldNetDaily.com, July 10, 2009.