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The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
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
Business
Slightly
World
Finance
Version
Wheels
Versions
Hails
Investing
Hail
Invention
Unstable
Often
Wheel
More quotes by John Kenneth Galbraith
Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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In economics, the majority is always wrong.
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Hermann Goering, Joachim von Ribbentrop, Albert Speer, Walther Frank, Julius Streicher and Robert Ley did pass under my inspectionand interrogation in 1945 but they only proved that National Socialism was a gangster interlude at a rather low order of mental capacity and with a surprisingly high incidence of alcoholism.
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Get the process of negotiation away from the small specialized group that some people have called the nuclear theologians ... Only a few people can understand the nature of these weapons ... This kept the whole discussion to a very limited group of people who, in a way, had assumed responsibility for saying whether we should live or die.
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Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism will survive a nuclear war.
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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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At best, in such depression times, monetary policy is a feeble reed on which to lean.
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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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This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe.
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The greater the wealth the thicker will be the dirt.
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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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Talk of revolution is one of avoiding reality.
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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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No society ever seems to have succumbed to boredom. Man has developed an obvious capacity for surviving the pompous reiteration of the commonplace.
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Only men of considerable vanity write books consistently therewith, I worried lest the world were exchanging an irreplaceable author for a more easily purchased diplomat.
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Of all classes the rich are the most noticed and the least studied.
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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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Genius is a rising stock market.
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