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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
Thinking
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Less
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Well
Whole
Economists
Much
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Think
Economist
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Decision has greater virtue and force if taken after there has been eloquent dissent.
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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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There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.
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The spirit should never grow old.
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There are days when the result is so bad that no fewer than five revisions are required. In contrast, when I'm greatly inspired, only four revisions are needed.
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Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
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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.
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Educators have yet to realize how deeply the industrial system is dependent upon them.
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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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Pundits forecast not because they know, but because they are asked.
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The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated.
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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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In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down.
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There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.
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Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or unduly firm opinion. Nonetheless, there must be a speech: Speeches in our culture are the vacuum that fills a vacuum.
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In economics it is a far, far wiser thing to be right than to be consistent
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Emancipation of belief is the most formidable of the tasks of reform and the one on which all else depends.
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Originality is something that is easily exaggerated, especially by authors contemplating their own work.
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It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.
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