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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
Wealth
Proved
Economy
Finance
Often
Prosperity
Without
Contrary
Made
Although
Never
Case
Persuasive
Advantage
Widely
Cases
Advantages
More quotes by John Kenneth Galbraith
I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
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In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
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Men will look back in amusement at the pretence that once caused people to refer to General Dynamics and North American Aviation and AT&T as private business.
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Men are, in fact, either sustained by organization or they sustain organization.
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People who are in a fortunate position always attribute virtue to what makes them so happy.
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The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.
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When people are least sure, they are often most dogmatic.
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This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe.
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Pundits forecast not because they know, but because they are asked.
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Economics is not an exact science.
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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.
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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.
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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.
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The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
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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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To add to the technostructure is to increase its power in the enterprise.
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The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
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A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.
John Kenneth Galbraith
