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The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being
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
Ends
Contentment
Wells
Challenge
Come
Comfortable
Well
Development
Present
Challenges
Fosters
Age
Developments
Sense
Adverse
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Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.
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At best, in such depression times, monetary policy is a feeble reed on which to lean.
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All writers know that on some golden mornings they are touched by the wand they are on intimate terms with poetry and cosmic truth. I have experienced these moments myself. Their lesson is simple: It's a total illusion. And the danger in the illusion is that you will wait for those moments.
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Economics exists to make astrology look respectable.
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Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.
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A more important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality.
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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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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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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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Only in very recent times has the average man been a source of savings.
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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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The family which takes it mauve and cerise, air conditioned, power-steered, and power braked automobile out for a tour passes through cities that are badly paved, made hideous by litter, blighted buildings, billboards, and posts for wires that should long since have been put underground.
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Increasingly in recent times we have come first to identify the remedy that is most agreeable, most convenient, most in accord with major pecuniary or political interest, the one that reflects our available faculty for action then we move from the remedy so available or desired back to a cause to which that remedy is relevant.
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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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Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.
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A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in any way a new phenomenon.
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The happiest time of anyone's life is just after the first divorce.
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