Obstinacy can bring only a penalty and no reward

Obstinacy can bring only a penalty and no reward

John Maynard Keynes was a renowned economist whose theories and ideas have had a significant impact on modern economic thought. One of his most famous quotes is, "Obstinacy can bring only a penalty and no reward." This statement reflects Keynes' belief that being stubborn and unwilling to adapt to changing circumstances can lead to negative consequences.

Keynes believed that in order to be successful, individuals and societies must be willing to be flexible and open-minded. He argued that being obstinate and refusing to change one's beliefs or actions in the face of new information or challenges can ultimately lead to failure. This is because the world is constantly evolving, and what may have worked in the past may no longer be effective in the present.