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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
Study
Lower
Economic
Marketing
Economics
Subject
Prestigious
Labor
Caste
Fields
Castes
Subjects
Agricultural
Theory
Instruction
More quotes by John Kenneth Galbraith
The privileged have regularly invited their own destruction with their greed.
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To add to the technostructure is to increase its power in the enterprise.
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It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
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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.
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The enemy of the conventional wisdom is not ideas but the march of events.
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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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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 very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.
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Ideas are inherently conservative. They yield not to the attack of other ideas but to the massive onslaught of circumstance with which they cannot contend.
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War remains the decisive human failure.
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Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.
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There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .
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The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
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No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.
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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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I think without a doubt, that what is called financial genius is merely a rising market.
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Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.
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The line dividing the state from what is called private enterprise, orat least fromthehighlyorganized part of it, is a traditional fiction.
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I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
John Kenneth Galbraith
It takes some skill to spoil a breakfast - even the English can't do it.
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