John Maynard Keynes Portrait

"The difficulty lies not so much in developing new ideas as in escaping from old ones."

— John Maynard Keynes

The Difficulty Lies Not So Much

The difficulty lies not so much in developing new ideas as in escaping from old ones.

— John Maynard Keynes

About this quote

This line appears in the Preface to The General Theory of Employment, Interest and Money (1936), Keynes's most influential work. He wrote it as a caution to readers trained in classical economics, acknowledging that the book's greatest challenge was not presenting new ideas but dismantling the mental habits formed by the old ones. The General Theory argued that economies could remain stuck in underemployment equilibrium — a direct refutation of the classical view that markets naturally clear.

Source

The General Theory of Employment, Interest and Money, 1936