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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.
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
Government
Awkward
Right
Sooner
Always
Suppose
People
Administration
Later
Dangerous
Public
Wrong
More quotes by John Kenneth Galbraith
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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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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The spirit should never grow old.
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Speeches in our culture are the vacuum that fills a vacuum.
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I never enjoyed writing a book more indeed, it is the only one I remember in no sense as a labor but as a joy.
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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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In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down.
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To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.
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It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated.
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Power is as power does.
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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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Of all classes the rich are the most noticed and the least studied.
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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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Economics exists to make astrology look respectable.
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In public administration good sense would seem to require that public expectation be kept at the lowest possible level in order to minimize eventual disappointment.
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One man's consumption becomes his neighbor's wish.
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Agriculture is one economic activity that does not obey the laws of demand and supply.
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Genius is a rising stock market.
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Authorship of any sort is a fantastic indulgence of the ego.
John Kenneth Galbraith
