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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
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The greater the wealth the thicker will be the dirt.
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In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
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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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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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Meetings are indispensable when you don't want to do anything.
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What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.
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All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
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Complexity and obscurity have professional value - they are the academic equivalents of apprenticeship rules in the building trades. They exclude the outsiders, keep down the competition, preserve the image of a privileged or priestly class. The man who makes things clear is a scab. He is criticized less for his clarity than for his treachery.
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When people are least sure, they are often most dogmatic.
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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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The first goal of the technostructure is its own security.
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Why is anything intrinsically so valueless so obviously desirable?
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It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
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I do the best with what exists.
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Happiness does not require an expanding economy
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I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive (Free Market Fraud, January 1999). But I've been interrupted these last few months. It deals with all of the things we do, in an innocent way, to cover up the truth.
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