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The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
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
Pleasure
Inquiry
May
Questioning
Important
Economics
Life
Dignity
Questions
Reach
Beyond
Durability
Beauty
Inconvenient
More quotes by John Kenneth Galbraith
Nothing is so admirable in politics as a short memory.
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Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.
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Conscience is better served by a myth.
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I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive (Free Market Fraud, January 1999). But I've been interrupted these last few months. It deals with all of the things we do, in an innocent way, to cover up the truth.
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In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
John Kenneth Galbraith
There is something wonderful in seeing a wrong-headed majority assailed by truth.
John Kenneth Galbraith
In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand the spiral operates when there is too much and also,unfortunately, when there is just enough.
John Kenneth Galbraith
The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
John Kenneth Galbraith
Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
John Kenneth Galbraith
Authorship of any sort is a fantastic indulgence of the ego.
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Very important functions can be performed very wastefully and often are.
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I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars.
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If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to trickle down economics).
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I've long believed alas, that in highly organized industrial societies, capitalist or socialist, the stronger tendency is to converge - that if steel or automobiles are wanted and must be made on a large scale, the process will stamp its imprint on the society, whether that me be Magnitogorsk or Gary, Indiana.
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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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Unemployment is rarely considered desirable except by those who have not experienced it.
John Kenneth Galbraith
The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
John Kenneth Galbraith
Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be done for reasons of inertia, pecuniary interest, passion or ignorance, we do not wish to say so.
John Kenneth Galbraith
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
We all agree that pessimism is a mark of superior intellect.
John Kenneth Galbraith
