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When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exalted some of the most distasteful of human qualities into the position of the highest virtues. We shall be able to afford to dare to assess the money-motive at its true value. The love of money as a possession - as distinguished from the love of money as a means to the enjoyments and realities of life - will be recognised for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease ... But beware! The time for all this is not yet. For at least another hundred years we must pretend to ourselves and to everyone that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still. For only they can lead us out of the tunnel of economic necessity into daylight.

John Maynard Keynes#5

SocietyMoneyFutureMoralityWealth

About this quote

What does it mean?
When wealth loses social importance, moral codes will change and money love will be seen as sick.
In plain terms
If wealth matters less, our morals will change and loving money will be seen as bad.
What can you take from it?
Money love may be seen as a sickness once wealth isn't central.

Where it applies

  • social change
  • economic theory
  • philosophy

Putting it to work

  • cultural critique
  • ethical reform
  • economic redesign

Questions to consider

  • Are you motivated by money?
  • Is greed a sickness?

Another view

It relies on a distant future change.

More from John Maynard Keynes

  1. In truth, the gold standard is already a barbarous relic.

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  2. If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.

    Permalink to quote #6
  3. The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuou…

    Permalink to quote #3

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