The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.

Summary

This quote by John Maynard Keynes emphasizes the significant influence that economists and political philosophers exert over the world, even when their ideas are flawed. It asserts that their theories and ideologies shape the decisions and actions of individuals, even those who claim to be unaffected by intellectual influences. In essence, this suggests that people often unknowingly adhere to the economic and political notions of influential figures long after they have passed away, ultimately governing the way the world operates.

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