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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
Economic
Marketing
Economics
Subject
Prestigious
Labor
Caste
Fields
Castes
Subjects
Agricultural
Theory
Instruction
Study
Lower
More quotes by John Kenneth Galbraith
All, the intelligent and stupid, diligent and idle, have been swept along on a current of increased output that, in the usual case, owed nothing whatever to their efforts.
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The greater the wealth the thicker will be the dirt.
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Meetings are indispensable when you don't want to do anything.
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A wrong decision isn't forever it can always be reversed. The losses from a delayed decision are forever they can never be retrieved.
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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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In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
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No ethic is as ethical as the work ethic.
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We all agree that pessimism is a mark of superior intellect.
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Talk of revolution is one of avoiding reality.
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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It takes some skill to spoil a breakfast - even the English can't do it.
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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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According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
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In recent times no problem has been more puzzling to thoughtful people than why, in a troubled world, we make such poor use of our affluence.
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Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that create the wants.
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The inborn instability of capitalism has been part of the history of the system for several hundred years.
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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Genius is a rising stock market.
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In public administration good sense would seem to require that public expectation be kept at the lowest possible level in order to minimize eventual disappointment.
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