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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.
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
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Tendency
More quotes by John Kenneth Galbraith
Economics exists to make astrology look respectable.
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A good rule of conversation is never answer a foolish question.
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Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.
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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down.
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It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.
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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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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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THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have duly seen, by extensively replacing the market with planning.
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The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being
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Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.
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There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater.
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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism will survive a nuclear war.
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Nothing so denies a person liberty as the total absence of money.
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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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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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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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People who are in a fortunate position always attribute virtue to what makes them so happy.
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