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Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.
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
Without
Contrary
Made
Although
Never
Case
Persuasive
Advantage
Widely
Cases
Advantages
Wealth
Proved
Economy
Finance
Often
Prosperity
More quotes by John Kenneth Galbraith
The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.
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If all else fails immortality can always be assured by adequate error.
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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.
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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
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Genius is a rising stock market.
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But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.
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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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The modern conservative is engaged in one of man's oldest exercises in moral philosophy that is, the search for a superior moral justification for selfishness.
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Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
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In 1736, Franklin's Pennsylvania Gazette printed an apology for its irregular appearence because its printer was with the Press, labouring for the publick Good, to make Money more plentiful. The press was busy printing money.
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In recent times no problem has been more puzzling to thoughtful people than why, in a troubled world, we make such poor use of our affluence.
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The spirit should never grow old.
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Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.
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THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have duly seen, by extensively replacing the market with planning.
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One man's consumption becomes his neighbor's wish.
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I do the best with what exists.
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According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.
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Speeches in our culture are the vacuum that fills a vacuum.
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I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
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The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
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