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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
Little
Managers
Work
Partners
Much
Tough
Always
Compassion
Would
Trouble
Owen
Days
Bastards
Earth
Preferred
Littles
Manager
More quotes by John Kenneth Galbraith
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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Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term crisis was normally employed. With time, however, this acquired the connotation of the misfortune it described.
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In economics it is a far, far wiser thing to be right than to be consistent
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Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
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The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
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Only in very recent times has the average man been a source of savings.
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It takes some skill to spoil a breakfast - even the English can't do it.
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There are a significant number of learned men and women who hold that any successful effort to make ideas lively, intelligible and interesting is a manifestation of deficient scholarship. This is the fortress behind which the minimally coherent regularly find refuge.
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Power is not something that can be assumed or discarded at will like underwear.
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In economics, the majority is always wrong.
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The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
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But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.
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I do the best with what exists.
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Very important functions can be performed very wastefully and often are.
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Authorship of any sort is a fantastic indulgence of the ego.
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Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
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One can relish the varied idiocy of human action during a panic to the full, for, while it is a time of great tragedy, nothing is being lost but money.
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We all agree that pessimism is a mark of superior intellect.
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The happiest time of anyone's life is just after the first divorce.
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No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.
John Kenneth Galbraith
