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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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
Always
Paradigm
Reference
Cover
Circumstances
Take
More quotes by John Kenneth Galbraith
The greater the wealth the thicker will be the dirt.
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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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Talk of revolution is one of avoiding reality.
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We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.
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Educators have yet to realize how deeply the industrial system is dependent upon them.
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This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe.
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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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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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The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
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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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Nothing is so admirable in politics as a short memory.
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Who is king in the world of the blind when there isn't even a one eyed man?
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But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.
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No ethic is as ethical as the work ethic.
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I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars.
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Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.
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THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have duly seen, by extensively replacing the market with planning.
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Decision has greater virtue and force if taken after there has been eloquent dissent.
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There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.
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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.
John Kenneth Galbraith
