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In the affluent society, no useful distinction can be made between luxuries and necessities.
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
Useful
Wealth
Society
Made
Luxuries
Affluent
Necessities
Distinction
Luxury
More quotes by John Kenneth Galbraith
The family which takes it mauve and cerise, air conditioned, power-steered, and power braked automobile out for a tour passes through cities that are badly paved, made hideous by litter, blighted buildings, billboards, and posts for wires that should long since have been put underground.
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In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.
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Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
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Nothing so denies a person liberty as the total absence of money.
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There is wonder and a certain wicked pleasure in these giddy ascents and terrible falls, especially as they happen to other people.
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Who is king in the world of the blind when there isn't even a one eyed man?
John Kenneth Galbraith
A good rule of conversation is never answer a foolish question.
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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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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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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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In any great organization it is far, far safer to be wrong with the majority than to be right alone.
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Foreign policy is conducted for the convenience and enjoyment of people in Washington.
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The only function of economic forecasting is to make astrology look respectable.
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Agriculture is one economic activity that does not obey the laws of demand and supply.
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In economics it is a far, far wiser thing to be right than to be consistent
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But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.
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I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
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Genius is a rising stock market.
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No society ever seems to have succumbed to boredom. Man has developed an obvious capacity for surviving the pompous reiteration of the commonplace.
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In economics, the majority is always wrong.
John Kenneth Galbraith
