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Nothing so weakens government as persistent inflation.
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
Government
Nothing
Weakens
Persistent
Inflation
Economics
More quotes by John Kenneth Galbraith
Anyone who says he won't resign four times, will.
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The first goal of the technostructure is its own security.
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These are the days when men of all social disciplines and all political faiths seek the comfortable and the accepted when the man of controversy is looked upon as a disturbing influence when originality is taken to be a mark of instability and when, in minor modification of the original parable, the bland lead the bland.
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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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If you get a reputation for being honest, you have 95 percent of the competition already beat.
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Very important functions can be performed very wastefully and often are.
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In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
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The only function of economic forecasting is to make astrology look respectable.
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There's a certain part of the contented majority who love anybody who is worth a billion dollars.
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Authorship of any sort is a fantastic indulgence of the ego.
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Power is as power does.
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Technology means the systematic application of scientific or other organized knowledge to practical tasks.
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In dealing with Mr. Nixon, it is not easy to be unfair. He invites and justifies all available criticism.
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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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Private enterprise did not get us atomic energy.
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Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.
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Of all classes the rich are the most noticed and the least studied.
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Foreign policy is conducted for the convenience and enjoyment of people in Washington.
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In the affluent society, no useful distinction can be made between luxuries and necessities.
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Things that come from the private sector are in abundant supply things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.
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