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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
Economist
Non-Fiction Writer
Politician
University Teacher
John K. Galbraith
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Economical
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Economists
Wisdom
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Liberalism
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If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.
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There are times in politics when you must be on the right side and lose.
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But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.
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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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Genius is a rising stock market.
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Of late I have searched diligently to discover the advantages of age, and there is, I have concluded, only one. It is that lovely women treat your approaches with understanding rather than with disdain.
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Nothing so weakens government as persistent inflation.
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Happiness does not require an expanding economy
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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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You will find that [the] State [Department] is the kind of organisation which, though it does big things badly, does small things badly too.
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There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater.
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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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In any great organization it is far, far safer to be wrong with the majority than to be right alone.
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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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Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.
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The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
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Technology means the systematic application of scientific or other organized knowledge to practical tasks.
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A more important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality.
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To add to the technostructure is to increase its power in the enterprise.
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