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I was brought up in southwestern Ontario where we were taught that Canadian patriotism should not withstand anything more than a five-dollar-a-month wage differential. Anything more than that and you went to Detroit.
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
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John K. Galbraith
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Canadian
Taught
Detroit
Went
Wage
Five
Dollar
Anything
Patriotism
Southwestern
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Ontario
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More quotes by John Kenneth Galbraith
There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
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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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We all agree that pessimism is a mark of superior intellect.
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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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Conscience is better served by a myth.
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Why is anything intrinsically so valueless so obviously desirable?
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I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive (Free Market Fraud, January 1999). But I've been interrupted these last few months. It deals with all of the things we do, in an innocent way, to cover up the truth.
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Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.
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The greater the wealth the thicker will be the dirt.
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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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The first goal of the technostructure is its own security.
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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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The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being
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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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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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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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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
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Happiness does not require an expanding economy
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What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.
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The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
John Kenneth Galbraith
