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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
Present
Challenges
Fosters
Age
Developments
Sense
Adverse
Ends
Contentment
Wells
Challenge
Come
Comfortable
Well
Development
More quotes by John Kenneth Galbraith
The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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No society ever seems to have succumbed to boredom. Man has developed an obvious capacity for surviving the pompous reiteration of the commonplace.
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In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand the spiral operates when there is too much and also,unfortunately, when there is just enough.
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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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Only in very recent times has the average man been a source of savings.
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Inventions that are not made, like babies that are not born, are rarely missed.
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[Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.
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At best, in such depression times, monetary policy is a feeble reed on which to lean.
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Genius is a rising stock market.
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No ethic is as ethical as the work ethic.
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Why is anything intrinsically so valueless so obviously desirable?
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Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or unduly firm opinion. Nonetheless, there must be a speech: Speeches in our culture are the vacuum that fills a vacuum.
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I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars.
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The spirit should never grow old.
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If it is dangerous to suppose that government is always right, it will sooner or later be awkward for public administration if most people suppose that it is always wrong.
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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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Men will look back in amusement at the pretence that once caused people to refer to General Dynamics and North American Aviation and AT&T as private business.
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The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
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In economics it is a far, far wiser thing to be right than to be consistent
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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.
John Kenneth Galbraith
