“In peace time, that is to say, the size of the cake depends on the amount of work done. But in war time the size of the cake is fixed. If we work harder, we can fight better. But we must not consume more.”

Source: How to Pay for the War (1940), Ch. 1 : The Character of the Problem

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John Maynard Keynes122

British economist 1883–1946

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“In peace time, that is to say, the size of the cake depends on the amount of work done. But in war time the size of the cake is fixed. If we work harder, we can fight better. But we must not consume more.”

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John Maynard Keynes122

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