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Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.
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
Aspect
Affluent
Works
Expenditures
Economic
Stimulation
Poor
Increased
Inevitably
Behalf
Undeserving
Sanity
Soundness
Lacking
Expenditure
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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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There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .
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In the affluent society, no useful distinction can be made between luxuries and necessities.
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Speeches in our culture are the vacuum that fills a vacuum.
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Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
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The greater the wealth the thicker will be the dirt.
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