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To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.
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
Time
Investing
Errors
Choice
Policy
Ideologies
Greatest
Rival
Economic
Rivals
Choices
Error
Problem
Ideology
More quotes by John Kenneth Galbraith
There are a significant number of learned men and women who hold that any successful effort to make ideas lively, intelligible and interesting is a manifestation of deficient scholarship. This is the fortress behind which the minimally coherent regularly find refuge.
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Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.
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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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Nothing so denies a person liberty as the total absence of money.
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Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.
John Kenneth Galbraith
If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.
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The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
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The Senate has unlimited debate in the House, debate is ruthlessly circumscribed. There is frequent discussion as to which technique most effectively frustrates democratic process.
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Why is anything intrinsically so valueless so obviously desirable?
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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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.
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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 sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
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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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Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.
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All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.
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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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People who are in a fortunate position always attribute virtue to what makes them so happy.
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The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
John Kenneth Galbraith
The greater the wealth the thicker will be the dirt.
John Kenneth Galbraith
