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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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
Personal
Elaborate
Place
Calculations
Men
Benefit
Washington
Praise
Benefits
Cost
Courage
More quotes by John Kenneth Galbraith
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.
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If all else fails immortality can always be assured by adequate error.
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It is not the individual's right to buy that is being protected. Rather, it is the seller's right to manage the individual.
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We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.
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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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Nothing is more portable than rich people and their money
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In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand the spiral operates when there is too much and also,unfortunately, when there is just enough.
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Happiness does not require an expanding economy
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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However, it is safe to say that at the peak in 1929 the number of active speculators was less - and probably was much less - than a million.
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In the affluent society, no useful distinction can be made between luxuries and necessities.
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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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If you're rich you can buy books. If you're poor, you need a library.
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Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
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There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.
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It was not hard to persuade people that the market was sound as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.
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Genius is a rising stock market.
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Meetings are indispensable when you don't want to do anything.
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All, the intelligent and stupid, diligent and idle, have been swept along on a current of increased output that, in the usual case, owed nothing whatever to their efforts.
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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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