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A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the needs of the industrial system.
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
System
Release
War
Competition
Needs
Following
Would
Commitment
Conflict
Sharply
Weapons
Drastic
General
Reduction
Cold
Industrial
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Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.
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Only in very recent times has the average man been a source of savings.
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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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Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
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If you're rich you can buy books. If you're poor, you need a library.
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There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.
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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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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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I've long believed alas, that in highly organized industrial societies, capitalist or socialist, the stronger tendency is to converge - that if steel or automobiles are wanted and must be made on a large scale, the process will stamp its imprint on the society, whether that me be Magnitogorsk or Gary, Indiana.
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Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be done for reasons of inertia, pecuniary interest, passion or ignorance, we do not wish to say so.
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The privileged have regularly invited their own destruction with their greed.
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The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
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No society ever seems to have succumbed to boredom. Man has developed an obvious capacity for surviving the pompous reiteration of the commonplace.
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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 modern conservative is engaged in one of man's oldest exercises in moral philosophy that is, the search for a superior moral justification for selfishness.
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