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Economics is not an exact science.

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
Exact
Economics
Science

More quotes by John Kenneth Galbraith

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The enemy of the conventional wisdom is not ideas but the march of events.
John Kenneth Galbraith
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We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.
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The happiest time of anyone's life is just after the first divorce.
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If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to trickle down economics).
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In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down.
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What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.
John Kenneth Galbraith
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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
John Kenneth Galbraith
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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
John Kenneth Galbraith
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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.
John Kenneth Galbraith
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Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or unduly firm opinion. Nonetheless, there must be a speech: Speeches in our culture are the vacuum that fills a vacuum.
John Kenneth Galbraith
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The privileged have regularly invited their own destruction with their greed.
John Kenneth Galbraith
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Who is king in the world of the blind when there isn't even a one eyed man?
John Kenneth Galbraith
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The spirit should never grow old.
John Kenneth Galbraith
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More die in the United States of too much food than of too little.
John Kenneth Galbraith
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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
John Kenneth Galbraith
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No nice philosophical point has ever been so decisively resolved as this: that those who are not conceived do not miss the pleasure of consuming the goods they do not get born to enjoy.
John Kenneth Galbraith
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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.
John Kenneth Galbraith
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I think without a doubt, that what is called financial genius is merely a rising market.
John Kenneth Galbraith
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We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.
John Kenneth Galbraith