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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
Along
Increased
Cases
Idle
Stupid
Usual
Effort
Efforts
Whatever
Current
Owed
Nothing
Currents
Output
Intelligent
Diligent
Case
Swept
More quotes by John Kenneth Galbraith
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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The foresight of financial experts was, as so often, a poor guide to the future.
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Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.
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Of late I have searched diligently to discover the advantages of age, and there is, I have concluded, only one. It is that lovely women treat your approaches with understanding rather than with disdain.
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The line dividing the state from what is called private enterprise, orat least fromthehighlyorganized part of it, is a traditional fiction.
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Nothing is more portable than rich people and their money
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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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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.
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Complexity and obscurity have professional value - they are the academic equivalents of apprenticeship rules in the building trades. They exclude the outsiders, keep down the competition, preserve the image of a privileged or priestly class. The man who makes things clear is a scab. He is criticized less for his clarity than for his treachery.
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Very important functions can be performed very wastefully and often are.
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The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated.
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The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
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All writers know that on some golden mornings they are touched by the wand they are on intimate terms with poetry and cosmic truth. I have experienced these moments myself. Their lesson is simple: It's a total illusion. And the danger in the illusion is that you will wait for those moments.
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The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
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Economics exists to make astrology look respectable.
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Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.
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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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Educators have yet to realize how deeply the industrial system is dependent upon them.
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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
There are times in politics when you must be on the right side and lose.
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