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Men will look back in amusement at the pretence that once caused people to refer to General Dynamics and North American Aviation and AT&T as private business.
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
Look
Caused
Looks
North
Men
Economics
People
Private
Pretence
General
Dynamics
American
Refer
Business
Amusement
Back
Aviation
More quotes by John Kenneth Galbraith
The foresight of financial experts was, as so often, a poor guide to the future.
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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
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People who are in a fortunate position always attribute virtue to what makes them so happy.
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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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At best, in such depression times, monetary policy is a feeble reed on which to lean.
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In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand the spiral operates when there is too much and also,unfortunately, when there is just enough.
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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 modern conservative is engaged in one of man's oldest exercises in moral philosophy that is, the search for a superior moral justification for selfishness.
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If you're rich you can buy books. If you're poor, you need a library.
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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the needs of the industrial system.
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I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.
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War remains the decisive human failure.
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We all agree that pessimism is a mark of superior intellect.
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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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Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
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Power is not something that can be assumed or discarded at will like underwear.
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Educators have yet to realize how deeply the industrial system is dependent upon them.
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It is not the individual's right to buy that is being protected. Rather, it is the seller's right to manage the individual.
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