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No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food, housing, health services, education or money, income is an excellent antidote for deprivation. No truth has spawned so much ingenious evasion.

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
Whether
Income
Ingenious
Money
Capitalism
Antidote
Form
Solutions
Housing
Truth
Poverty
Services
Problem
Health
Providing
Much
Food
Solution
Spawned
Education
Effective
Evasion
Poor
Excellent
Deprivation

More quotes by John Kenneth Galbraith

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Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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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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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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Educators have yet to realize how deeply the industrial system is dependent upon them.
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Genius is a rising stock market.
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Why is anything intrinsically so valueless so obviously desirable?
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The only function of economic forecasting is to make astrology look respectable.
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It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.
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The enemy of the conventional wisdom is not ideas but the march of events.
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There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .
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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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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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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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I think the role of the Federal Reserve is enormously exaggerated.
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In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.
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Nothing is so admirable in politics as a short memory.
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Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
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Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that create the wants.
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