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Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
John Kenneth Galbraith
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John Kenneth Galbraith
Age: 97 †
Born: 1908
Born: October 15
Died: 2006
Died: April 29
Diplomat
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John K. Galbraith
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More quotes by John Kenneth Galbraith
War remains the decisive human failure.
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Men are, in fact, either sustained by organization or they sustain organization.
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Inventions that are not made, like babies that are not born, are rarely missed.
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The spirit should never grow old.
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Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism will survive a nuclear war.
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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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Why is anything intrinsically so valueless so obviously desirable?
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In dealing with Mr. Nixon, it is not easy to be unfair. He invites and justifies all available criticism.
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Foreign policy is conducted for the convenience and enjoyment of people in Washington.
John Kenneth Galbraith
The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.
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No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food, housing, health services, education or money, income is an excellent antidote for deprivation. No truth has spawned so much ingenious evasion.
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Economics is not an exact science.
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In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.
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Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.
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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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In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.
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The happiest time of anyone's life is just after the first divorce.
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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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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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Authorship of any sort is a fantastic indulgence of the ego.
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