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There are days when the result is so bad that no fewer than five revisions are required. In contrast, when I'm greatly inspired, only four revisions are needed.
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
Writing
Fewer
Inspired
Result
Revisions
Needed
Rewriting
Results
Revision
Days
Greatly
Four
Contrast
Five
Required
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At best, in such depression times, monetary policy is a feeble reed on which to lean.
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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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The only function of economic forecasting is to make astrology look respectable.
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What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.
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The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.
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It takes some skill to spoil a breakfast - even the English can't do it.
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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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Authorship of any sort is a fantastic indulgence of the ego.
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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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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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I do the best with what exists.
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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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I never enjoyed writing a book more indeed, it is the only one I remember in no sense as a labor but as a joy.
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I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars.
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All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
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Nothing is more portable than rich people and their money
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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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A more important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality.
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Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.
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Nothing so weakens government as persistent inflation.
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