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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
Business
Manufactures
Must
Manufacture
Corporation
Goods
Corporations
Advertising
Modern
Desire
More quotes by John Kenneth Galbraith
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.
John Kenneth Galbraith
If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to trickle down economics).
John Kenneth Galbraith
Pundits forecast not because they know, but because they are asked.
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We shall have a race of men who are strong on telemetry and space communications but who cannot read anything but a blueprint or write anything but a computer program.
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Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.
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We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.
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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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There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.
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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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Of all classes the rich are the most noticed and the least studied.
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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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The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.
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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 enemy of the conventional wisdom is not ideas but the march of events.
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There are a significant number of learned men and women who hold that any successful effort to make ideas lively, intelligible and interesting is a manifestation of deficient scholarship. This is the fortress behind which the minimally coherent regularly find refuge.
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You will find that [the] State [Department] is the kind of organisation which, though it does big things badly, does small things badly too.
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If you're rich you can buy books. If you're poor, you need a library.
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The privileged have regularly invited their own destruction with their greed.
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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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Only in very recent times has the average man been a source of savings.
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