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We all agree that pessimism is a mark of superior intellect.

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
Agreement
Intellect
Mark
Agree
Pessimism
Superior
Superiors

More quotes by John Kenneth Galbraith

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In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.
John Kenneth Galbraith
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In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
John Kenneth Galbraith
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The spirit should never grow old.
John Kenneth Galbraith
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The only function of economic forecasting is to make astrology look respectable.
John Kenneth Galbraith
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To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.
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If you get a reputation for being honest, you have 95 percent of the competition already beat.
John Kenneth Galbraith
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Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term crisis was normally employed. With time, however, this acquired the connotation of the misfortune it described.
John Kenneth Galbraith
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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
John Kenneth Galbraith
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No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food, housing, health services, education or money, income is an excellent antidote for deprivation. No truth has spawned so much ingenious evasion.
John Kenneth Galbraith
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The enemy of the conventional wisdom is not ideas but the march of events.
John Kenneth Galbraith
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Pundits forecast not because they know, but because they are asked.
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It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
John Kenneth Galbraith
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No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.
John Kenneth Galbraith
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In the world of minor lunacy the behaviour of both the utterly rational and the totally insane seems equally odd.
John Kenneth Galbraith
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I react to what is necessary. I would like to eschew any formula.
John Kenneth Galbraith
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I think without a doubt, that what is called financial genius is merely a rising market.
John Kenneth Galbraith
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There is wonder and a certain wicked pleasure in these giddy ascents and terrible falls, especially as they happen to other people.
John Kenneth Galbraith
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People who are in a fortunate position always attribute virtue to what makes them so happy.
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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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
John Kenneth Galbraith