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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
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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
Days
Bastards
Earth
Preferred
Littles
Manager
Little
Managers
Work
Partners
Much
Tough
Always
Compassion
Would
Trouble
Owen
More quotes by John Kenneth Galbraith
I react to what is necessary. I would like to eschew any formula.
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To add to the technostructure is to increase its power in the enterprise.
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.
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Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.
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The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
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If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.
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More die in the United States of too much food than of too little.
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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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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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Of all classes the rich are the most noticed and the least studied.
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There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .
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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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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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These are the days when men of all social disciplines and all political faiths seek the comfortable and the accepted when the man of controversy is looked upon as a disturbing influence when originality is taken to be a mark of instability and when, in minor modification of the original parable, the bland lead the bland.
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In economics, the majority is always wrong.
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It takes a certain brashness to attack the accepted economic legendsbut noneat all toperpetuatethem. So theyare perpetuated.
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In the affluent society, no useful distinction can be made between luxuries and necessities.
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