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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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
Must
Manufacture
Corporation
Goods
Corporations
Advertising
Modern
Desire
Business
Manufactures
More quotes by John Kenneth Galbraith
There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
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A wrong decision isn't forever it can always be reversed. The losses from a delayed decision are forever they can never be retrieved.
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In any great organization it is far, far safer to be wrong with the majority than to be right alone.
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I think the role of the Federal Reserve is enormously exaggerated.
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In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.
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Nothing so weakens government as persistent inflation.
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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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A businessman who reads Business Week is lost to fame. One who reads Proust is marked for greatness.
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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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Private enterprise did not get us atomic energy.
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The foresight of financial experts was, as so often, a poor guide to the future.
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We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.
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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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You roll back the stones, and you find slithering things. That is the world of Richard Nixon.
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In the affluent society, no useful distinction can be made between luxuries and necessities.
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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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Conscience is better served by a myth.
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But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.
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All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.
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If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to trickle down economics).
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