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You will find that [the] State [Department] is the kind of organisation which, though it does big things badly, does small things badly too.
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
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Small
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State
Organisation
Bigs
Badly
Doe
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States
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More quotes by John Kenneth Galbraith
I never enjoyed writing a book more indeed, it is the only one I remember in no sense as a labor but as a joy.
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Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.
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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.
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The foresight of financial experts was, as so often, a poor guide to the future.
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Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.
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In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand the spiral operates when there is too much and also,unfortunately, when there is just enough.
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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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Genius is a rising stock market.
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I think the role of the Federal Reserve is enormously exaggerated.
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The first goal of the technostructure is its own security.
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You roll back the stones, and you find slithering things. That is the world of Richard Nixon.
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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.
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If it is dangerous to suppose that government is always right, it will sooner or later be awkward for public administration if most people suppose that it is always wrong.
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The greater the wealth the thicker will be the dirt.
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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When people are least sure, they are often most dogmatic.
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
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