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The only function of economic forecasting is to make astrology look respectable.

John Kenneth Galbraith

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John Kenneth Galbraith
Age: 97 †
Born: 1908
Born: October 15
Died: 2006
Died: April 29
Diplomat
Economist
Non-Fiction Writer
Politician
University Teacher
John K. Galbraith
Favourite
Function
Economic
Look
Looks
Forecasting
Make
Astrology
Respectable
Economist

More quotes by John Kenneth Galbraith

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Things that come from the private sector are in abundant supply things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.
John Kenneth Galbraith
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Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
John Kenneth Galbraith
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I do the best with what exists.
John Kenneth Galbraith
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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
John Kenneth Galbraith
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The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
John Kenneth Galbraith
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Very important functions can be performed very wastefully and often are.
John Kenneth Galbraith
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Nothing is more portable than rich people and their money
John Kenneth Galbraith
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In dealing with Mr. Nixon, it is not easy to be unfair. He invites and justifies all available criticism.
John Kenneth Galbraith
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Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.
John Kenneth Galbraith
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Economics exists to make astrology look respectable.
John Kenneth Galbraith
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A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the needs of the industrial system.
John Kenneth Galbraith
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American university presidents are a nervous breed I have never thought well of them as a class.
John Kenneth Galbraith
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All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.
John Kenneth Galbraith
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It is not the individual's right to buy that is being protected. Rather, it is the seller's right to manage the individual.
John Kenneth Galbraith
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To add to the technostructure is to increase its power in the enterprise.
John Kenneth Galbraith
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The more underdeveloped the country, the more overdeveloped the women.
John Kenneth Galbraith
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A [New Yorker ] is what it has always been. It combines those who pursue the truth with those who pursue the rewards of orthodoxy and those who pursue what is comfortable to the rich.
John Kenneth Galbraith
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In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.
John Kenneth Galbraith
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I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
John Kenneth Galbraith
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Authorship of any sort is a fantastic indulgence of the ego.
John Kenneth Galbraith