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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.
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
Nearly
Financial
Responsibility
Small
Community
Sense
Whole
More quotes by John Kenneth Galbraith
To add to the technostructure is to increase its power in the enterprise.
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War remains the decisive human failure.
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More die in the United States of too much food than of too little.
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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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The spirit should never grow old.
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Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.
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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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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.
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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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Agriculture is one economic activity that does not obey the laws of demand and supply.
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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 the assumption that power belongs as a matter of course to capital, all economists are Marxians.
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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.
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There are times in politics when you must be on the right side and lose.
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What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.
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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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Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
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We live surrounded by a systematic appeal to a dream world which all mature, scientific reality would reject. We, quite literally, advertise our commitment to immaturity, mendacity and profound gullibility. It is as the hallmark of the culture. And it is justified as being economically indispensable.
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The privileged have regularly invited their own destruction with their greed.
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People who are in a fortunate position always attribute virtue to what makes them so happy.
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