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In public administration good sense would seem to require that public expectation be kept at the lowest possible level in order to minimize eventual disappointment.
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
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John K. Galbraith
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More quotes by John Kenneth Galbraith
Economics exists to make astrology look respectable.
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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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.
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In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.
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The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
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We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.
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We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.
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It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.
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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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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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The more underdeveloped the country, the more overdeveloped the women.
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In economics it is a far, far wiser thing to be right than to be consistent
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According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.
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Conscience is better served by a myth.
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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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Economics is not an exact science.
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
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I do the best with what exists.
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Of all classes the rich are the most noticed and the least studied.
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