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A good rule of conversation is never answer a foolish question.
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
Foolish
Rule
Answer
Conversation
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Good
Never
More quotes by John Kenneth Galbraith
The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
John Kenneth Galbraith
We all agree that pessimism is a mark of superior intellect.
John Kenneth Galbraith
You will find that [the] State [Department] is the kind of organisation which, though it does big things badly, does small things badly too.
John Kenneth Galbraith
The more underdeveloped the country, the more overdeveloped the women.
John Kenneth Galbraith
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.
John Kenneth Galbraith
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.
John Kenneth Galbraith
Nothing is more portable than rich people and their money
John Kenneth Galbraith
The first goal of the technostructure is its own security.
John Kenneth Galbraith
In any great organization it is far, far safer to be wrong with the majority than to be right alone.
John Kenneth Galbraith
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.
John Kenneth Galbraith
Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.
John Kenneth Galbraith
The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.
John Kenneth Galbraith
Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
John Kenneth Galbraith
Private enterprise did not get us atomic energy.
John Kenneth Galbraith
No society ever seems to have succumbed to boredom. Man has developed an obvious capacity for surviving the pompous reiteration of the commonplace.
John Kenneth Galbraith
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.
John Kenneth Galbraith
This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe.
John Kenneth Galbraith
Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.
John Kenneth Galbraith
When you see reference to a new paradigm you should always, under all circumstances, take cover.
John Kenneth Galbraith
If you get a reputation for being honest, you have 95 percent of the competition already beat.
John Kenneth Galbraith