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It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.
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
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John K. Galbraith
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More quotes by John Kenneth Galbraith
If all else fails immortality can always be assured by adequate error.
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It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
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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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Foreign policy is conducted for the convenience and enjoyment of people in Washington.
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Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.
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Of all classes the rich are the most noticed and the least studied.
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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 questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
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If you get a reputation for being honest, you have 95 percent of the competition already beat.
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Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.
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Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
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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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Private enterprise did not get us atomic energy.
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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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Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
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There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .
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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.
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I predict, not because I know, but because I'm asked.
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Who is king in the world of the blind when there isn't even a one eyed man?
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Economics is not an exact science.
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