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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.
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
Lying
Planning
Use
Market
Made
Lies
Extensively
Genius
Duly
Technology
Replacing
System
Industrial
Seen
Capital
Possible
Organized
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If you're rich you can buy books. If you're poor, you need a library.
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In recent times no problem has been more puzzling to thoughtful people than why, in a troubled world, we make such poor use of our affluence.
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It was not hard to persuade people that the market was sound as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.
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Writing is a long and lonesome business back of the problems in thought and composition hover always the awful questions: Is this the page that shows the empty shell? Is it here and now that they find me out?
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But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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Authorship of any sort is a fantastic indulgence of the ego.
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One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.
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The more underdeveloped the country, the more overdeveloped the women.
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I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
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Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
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Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.
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According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.
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Faced with having to change our views or prove that there is no need to do so, most of us immediately get busy on the proof.
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Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.
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Anyone who says he won't resign four times, will.
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If all else fails immortality can always be assured by adequate error.
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Meetings are indispensable when you don't want to do anything.
John Kenneth Galbraith
