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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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
Something
Headed
Majority
Economy
Seeing
Wonderful
Politics
Wrong
Truth
Assailed
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The more underdeveloped the country, the more overdeveloped the women.
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The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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There is little that can be said about most economic goods. A toothbrush does little but clean teeth. Aspirin does little but dull pain. Alcohol is important mostly for making people more or less drunk ... There being so little to be said, much is to be invented.
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Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
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We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.
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It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.
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In the affluent society, no useful distinction can be made between luxuries and necessities.
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I think without a doubt, that what is called financial genius is merely a rising market.
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Educators have yet to realize how deeply the industrial system is dependent upon them.
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Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.
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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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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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To add to the technostructure is to increase its power in the enterprise.
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Agriculture is one economic activity that does not obey the laws of demand and supply.
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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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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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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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Nothing is more portable than rich people and their money
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