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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
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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
Urge
Urges
Value
Produce
System
Ability
Fathered
Society
Emphasizes
Values
Consume
More quotes by John Kenneth Galbraith
When you see reference to a new paradigm you should always, under all circumstances, take cover.
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In 1736, Franklin's Pennsylvania Gazette printed an apology for its irregular appearence because its printer was with the Press, labouring for the publick Good, to make Money more plentiful. The press was busy printing money.
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Conscience is better served by a myth.
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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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Private enterprise did not get us atomic energy.
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It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.
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Of all the mysteries of the stock exchange there is none so impenetrable as why there should be a buyer for everyone who seeks to sell.
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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I was brought up in southwestern Ontario where we were taught that Canadian patriotism should not withstand anything more than a five-dollar-a-month wage differential. Anything more than that and you went to Detroit.
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The privileged have regularly invited their own destruction with their greed.
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You roll back the stones, and you find slithering things. That is the world of Richard Nixon.
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Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
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Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.
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All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
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Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.
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The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being
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I think the role of the Federal Reserve is enormously exaggerated.
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In economics, the majority is always wrong.
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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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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.
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