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The size of General Motors is in the service not of monopoly or the economies of scale but of 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
Scales
Planning
Size
Service
Motors
General
Economies
Economy
Motor
Monopoly
Scale
More quotes by John Kenneth Galbraith
If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.
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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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We all agree that pessimism is a mark of superior intellect.
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The enemy of the conventional wisdom is not ideas but the march of events.
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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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In the affluent society, no useful distinction can be made between luxuries and necessities.
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The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.
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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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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.
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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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Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
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This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe.
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A good rule of conversation is never answer a foolish question.
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The inborn instability of capitalism has been part of the history of the system for several hundred years.
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Talk of revolution is one of avoiding reality.
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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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To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.
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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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