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Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

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
World
Versions
Described
Hails
Invention
Slightly
Celebrated
Innovation
Finance
Hail
Financial
Version
Lend
Design
Established
Unstable
Small
Wheels
Variation
Often
Exception
Skeptical
Without
Operations
Wheel

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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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I never enjoyed writing a book more indeed, it is the only one I remember in no sense as a labor but as a joy.
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Things that come from the private sector are in abundant supply things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.
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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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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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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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Economists are generally negligent of their heroes.
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The greater the wealth the thicker will be the dirt.
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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe.
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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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Increasingly in recent times we have come first to identify the remedy that is most agreeable, most convenient, most in accord with major pecuniary or political interest, the one that reflects our available faculty for action then we move from the remedy so available or desired back to a cause to which that remedy is relevant.
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If you're rich you can buy books. If you're poor, you need a library.
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No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.
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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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Genius is a rising stock market.
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Agriculture is one economic activity that does not obey the laws of demand and supply.
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