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Private enterprise did not get us atomic energy.

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
Atomic
Enterprise
Private
Energy

More quotes by John Kenneth Galbraith

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Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.
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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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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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Nothing is so admirable in politics as a short memory.
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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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The only function of economic forecasting is to make astrology look respectable.
John Kenneth Galbraith
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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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Nothing so denies a person liberty as the total absence of money.
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Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.
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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.
John Kenneth Galbraith
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There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.
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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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Meetings are indispensable when you don't want to do anything.
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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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The notion that you would initiate a new product without preparing the way by persuasion and advertising and salesmanship is fantastic. It's an integral part of the system.
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The foresight of financial experts was, as so often, a poor guide to the future.
John Kenneth Galbraith
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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.
John Kenneth Galbraith
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There are a significant number of learned men and women who hold that any successful effort to make ideas lively, intelligible and interesting is a manifestation of deficient scholarship. This is the fortress behind which the minimally coherent regularly find refuge.
John Kenneth Galbraith
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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.
John Kenneth Galbraith
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The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.
John Kenneth Galbraith