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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
Work
Partners
Much
Tough
Always
Compassion
Would
Trouble
Owen
Days
Bastards
Earth
Preferred
Littles
Manager
Little
Managers
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Agriculture is one economic activity that does not obey the laws of demand and supply.
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The Senate has unlimited debate in the House, debate is ruthlessly circumscribed. There is frequent discussion as to which technique most effectively frustrates democratic process.
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War remains the decisive human failure.
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When people are least sure, they are often most dogmatic.
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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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It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
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The inborn instability of capitalism has been part of the history of the system for several hundred years.
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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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Economists are generally negligent of their heroes.
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One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.
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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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Only in very recent times has the average man been a source of savings.
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One man's consumption becomes his neighbor's wish.
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Nothing so denies a person liberty as the total absence of money.
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Economics is not an exact science.
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Foreign policy is conducted for the convenience and enjoyment of people in Washington.
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Decision has greater virtue and force if taken after there has been eloquent dissent.
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The notion that you would initiate a new product without preparing the way by persuasion and advertising and salesmanship is fantastic. It's an integral part of the system.
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