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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.
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
Poor
Times
Use
Problem
Puzzling
Make
Affluence
World
Troubled
People
Recent
Thoughtful
More quotes by John Kenneth Galbraith
I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.
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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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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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If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.
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Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.
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Why is anything intrinsically so valueless so obviously desirable?
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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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The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
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I predict, not because I know, but because I'm asked.
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Men will look back in amusement at the pretence that once caused people to refer to General Dynamics and North American Aviation and AT&T as private business.
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Men are, in fact, either sustained by organization or they sustain organization.
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You roll back the stones, and you find slithering things. That is the world of Richard Nixon.
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Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
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Of all classes the rich are the most noticed and the least studied.
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The more underdeveloped the country, the more overdeveloped the women.
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Economists are generally negligent of their heroes.
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Happiness does not require an expanding economy
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Conscience is better served by a myth.
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It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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When people are least sure, they are often most dogmatic.
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