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All, the intelligent and stupid, diligent and idle, have been swept along on a current of increased output that, in the usual case, owed nothing whatever to their efforts.
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
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Swept
Along
Increased
Cases
Idle
Stupid
Usual
Effort
Efforts
Whatever
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Owed
Nothing
Currents
Output
Intelligent
Diligent
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The only function of economic forecasting is to make astrology look respectable.
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I think without a doubt, that what is called financial genius is merely a rising market.
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There are times in politics when you must be on the right side and lose.
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Things that come from the private sector are in abundant supply things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.
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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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Speeches in our culture are the vacuum that fills a vacuum.
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THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have duly seen, by extensively replacing the market with planning.
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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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One man's consumption becomes his neighbor's wish.
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I never enjoyed writing a book more indeed, it is the only one I remember in no sense as a labor but as a joy.
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A good rule of conversation is never answer a foolish question.
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A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in any way a new phenomenon.
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Economists are generally negligent of their heroes.
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To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.
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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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Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.
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Educators have yet to realize how deeply the industrial system is dependent upon them.
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Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
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