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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
Monopoly
Scale
Scales
Planning
Size
Service
Motors
General
Economies
Economy
Motor
More quotes by John Kenneth Galbraith
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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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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One of my greatest pleasures in my writing has come from the thought that perhaps my work might annoy someone of comfortably pretentious position. Then comes the realization that such people rarely read.
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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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Technology means the systematic application of scientific or other organized knowledge to practical tasks.
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The greater the wealth the thicker will be the dirt.
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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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If you're rich you can buy books. If you're poor, you need a library.
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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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The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
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In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down.
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Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.
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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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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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In any great organization it is far, far safer to be wrong with the majority than to be right alone.
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The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
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Very important functions can be performed very wastefully and often are.
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There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.
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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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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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