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Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.
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
Economics
Prestigious
Subject
Caste
Labor
Castes
Fields
Agricultural
Subjects
Instruction
Theory
Lower
Study
Economic
Marketing
More quotes by John Kenneth Galbraith
We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.
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We live surrounded by a systematic appeal to a dream world which all mature, scientific reality would reject. We, quite literally, advertise our commitment to immaturity, mendacity and profound gullibility. It is as the hallmark of the culture. And it is justified as being economically indispensable.
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I think the role of the Federal Reserve is enormously exaggerated.
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Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
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Economists are generally negligent of their heroes.
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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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We shall have a race of men who are strong on telemetry and space communications but who cannot read anything but a blueprint or write anything but a computer program.
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I predict, not because I know, but because I'm asked.
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I react to what is necessary. I would like to eschew any formula.
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The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
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The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.
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A [New Yorker ] is what it has always been. It combines those who pursue the truth with those who pursue the rewards of orthodoxy and those who pursue what is comfortable to the rich.
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Decision has greater virtue and force if taken after there has been eloquent dissent.
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The greater the wealth the thicker will be the dirt.
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If you're rich you can buy books. If you're poor, you need a library.
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Nothing so denies a person liberty as the total absence of money.
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The privileged have regularly invited their own destruction with their greed.
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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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If you get a reputation for being honest, you have 95 percent of the competition already beat.
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The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
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