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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
Genius
Duly
Technology
Replacing
System
Industrial
Seen
Capital
Possible
Organized
Lying
Planning
Use
Market
Made
Lies
Extensively
More quotes by John Kenneth Galbraith
Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.
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In public administration good sense would seem to require that public expectation be kept at the lowest possible level in order to minimize eventual disappointment.
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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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It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.
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The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
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A businessman who reads Business Week is lost to fame. One who reads Proust is marked for greatness.
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To add to the technostructure is to increase its power in the enterprise.
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In economics it is a far, far wiser thing to be right than to be consistent
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The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
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There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
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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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The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
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The privileged have regularly invited their own destruction with their greed.
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Only men of considerable vanity write books consistently therewith, I worried lest the world were exchanging an irreplaceable author for a more easily purchased diplomat.
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I do the best with what exists.
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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.
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You will find that [the] State [Department] is the kind of organisation which, though it does big things badly, does small things badly too.
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There are times in politics when you must be on the right side and lose.
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