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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.
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
Less
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Well
Whole
Economists
Much
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Economist
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Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.
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Authorship of any sort is a fantastic indulgence of the ego.
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A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the needs of the industrial system.
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A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.
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Men are, in fact, either sustained by organization or they sustain organization.
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At best, in such depression times, monetary policy is a feeble reed on which to lean.
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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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In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.
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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
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In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.
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The greater the wealth the thicker will be the dirt.
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In the world of minor lunacy the behaviour of both the utterly rational and the totally insane seems equally odd.
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In recent times no problem has been more puzzling to thoughtful people than why, in a troubled world, we make such poor use of our affluence.
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It was not hard to persuade people that the market was sound as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.
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American university presidents are a nervous breed I have never thought well of them as a class.
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I think the role of the Federal Reserve is enormously exaggerated.
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Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.
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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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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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Because of his compassion Owen was always in trouble with his partners. They would have much preferred a tough, down-to-earth manager who would get a days work out of the little bastards.
John Kenneth Galbraith
