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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
Days
Economists
Wisdom
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Politics
Economist
Ideas
Graduates
Make
Liberalism
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Lifetime
Among
Economy
Economical
More quotes by John Kenneth Galbraith
You roll back the stones, and you find slithering things. That is the world of Richard Nixon.
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There's a certain part of the contented majority who love anybody who is worth a billion dollars.
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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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One of my greatest pleasures in my writing has come from the thought that perhaps my work might annoy someone of comfortably pretentious position. Then comes the realization that such people rarely read.
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Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
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Of all the mysteries of the stock exchange there is none so impenetrable as why there should be a buyer for everyone who seeks to sell.
John Kenneth Galbraith
Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or unduly firm opinion. Nonetheless, there must be a speech: Speeches in our culture are the vacuum that fills a vacuum.
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The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
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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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There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.
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If you're rich you can buy books. If you're poor, you need a library.
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All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.
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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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If it is dangerous to suppose that government is always right, it will sooner or later be awkward for public administration if most people suppose that it is always wrong.
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People who are in a fortunate position always attribute virtue to what makes them so happy.
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The first goal of the technostructure is its own security.
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The foresight of financial experts was, as so often, a poor guide to the future.
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No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.
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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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In economics it is a far, far wiser thing to be right than to be consistent
John Kenneth Galbraith
