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In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
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
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John K. Galbraith
Capital
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Power
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Belongs
Assumption
More quotes by John Kenneth Galbraith
However, it is safe to say that at the peak in 1929 the number of active speculators was less - and probably was much less - than a million.
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There is wonder and a certain wicked pleasure in these giddy ascents and terrible falls, especially as they happen to other people.
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The privileged have regularly invited their own destruction with their greed.
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Technology means the systematic application of scientific or other organized knowledge to practical tasks.
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American university presidents are a nervous breed I have never thought well of them as a class.
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Nothing is more portable than rich people and their money
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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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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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Meetings are indispensable when you don't want to do anything.
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Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism will survive a nuclear war.
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Agriculture is one economic activity that does not obey the laws of demand and supply.
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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 more underdeveloped the country, the more overdeveloped the women.
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More die in the United States of too much food than of too little.
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The first goal of the technostructure is its own security.
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We all agree that pessimism is a mark of superior intellect.
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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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Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.
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Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
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