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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
Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term crisis was normally employed. With time, however, this acquired the connotation of the misfortune it described.
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There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .
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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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I never enjoyed writing a book more indeed, it is the only one I remember in no sense as a labor but as a joy.
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Speeches in our culture are the vacuum that fills a vacuum.
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There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.
John Kenneth Galbraith
According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.
John Kenneth Galbraith
In 1736, Franklin's Pennsylvania Gazette printed an apology for its irregular appearence because its printer was with the Press, labouring for the publick Good, to make Money more plentiful. The press was busy printing money.
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Power is not something that can be assumed or discarded at will like underwear.
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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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Things that come from the private sector are in abundant supply things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.
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Only in very recent times has the average man been a source of savings.
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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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There's a certain part of the contented majority who love anybody who is worth a billion dollars.
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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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Economics exists to make astrology look respectable.
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Hermann Goering, Joachim von Ribbentrop, Albert Speer, Walther Frank, Julius Streicher and Robert Ley did pass under my inspectionand interrogation in 1945 but they only proved that National Socialism was a gangster interlude at a rather low order of mental capacity and with a surprisingly high incidence of alcoholism.
John Kenneth Galbraith
In any great organization it is far, far safer to be wrong with the majority than to be right alone.
John Kenneth Galbraith
At best, in such depression times, monetary policy is a feeble reed on which to lean.
John Kenneth Galbraith
Of all the mysteries of the stock exchange there is none so impenetrable as why there should be a buyer for everyone who seeks to sell.
John Kenneth Galbraith
