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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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Disappointment
Politics
Administration
Sense
Kept
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
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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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A businessman who reads Business Week is lost to fame. One who reads Proust is marked for greatness.
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In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.
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I predict, not because I know, but because I'm asked.
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If all else fails immortality can always be assured by adequate error.
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I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
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Because of his compassion Owen was always in trouble with his partners. They would have much preferred a tough, down-to-earth manager who would get a days work out of the little bastards.
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To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.
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Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.
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The more underdeveloped the country, the more overdeveloped the women.
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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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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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Ralph [ Nader] is an old friend of mine, and he does a useful job in displaying a position.
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Nothing so denies a person liberty as the total absence of money.
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One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.
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The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated.
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Nothing so weakens government as persistent inflation.
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