Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.
Interpretation
Our positive decisions often stem from instinct and spontaneous urges rather than calculated reasoning.
John Maynard Keynes emphasizes that many of our decisions to act positively are driven by a natural instinct, referred to as 'animal spirits', rather than rational calculations of benefits and probabilities. He suggests that human behavior is often influenced more by emotional and spontaneous urges than by careful analysis, highlighting the importance of intuition in decision-making processes.
In practice
This quote can be used during a motivational speech to encourage spontaneous action in business.
As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.
We will not have any more crashes in our time.
This 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 tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.
The book, as it stands, seems to me to be one of the most frightful muddles I have ever read, with scarcely a sound proposition in it beginning with page 45 [Hayek provided historical background up to page 45; after that came his theoretical model], and yet it remains a book of some interest, which is likely to leave its mark on the mind of the reader. It is an extraordinary example of how, starting with a mistake, a remorseless logician can end up in bedlam.
Don't let us make imaginary evils, when you know we have so many real ones to encounter.
It's impossible to speak what it is not noble to do.
So much the worse for those who fear wine, for it is because they have some bad thoughts which they are afraid the liquor will extract from their hearts.
It is not the rich man you should properly call happy, _x000D_ but him who knows how to use with wisdom the blessings of the gods, _x000D_ to endure hard poverty, and who fears dishonor worse than death, _x000D_ and is not afraid to die for cherished friends or fatherland.
The most effective indirect approach is one that lures or startles the opponent into a false move - so that, as in ju-jitsu, his own effort is turned into the lever of his overthrow.
Only a person who is congenially self-centered has the effrontery and the stamina to write essays
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