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The inborn instability of capitalism has been part of the history of the system for several hundred years.
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
Hundred
System
History
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Years
Inborn
Instability
Several
Capitalism
More quotes by John Kenneth Galbraith
Power is not something that can be assumed or discarded at will like underwear.
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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.
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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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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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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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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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Economists are generally negligent of their heroes.
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The Senate has unlimited debate in the House, debate is ruthlessly circumscribed. There is frequent discussion as to which technique most effectively frustrates democratic process.
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The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
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The foresight of financial experts was, as so often, a poor guide to the future.
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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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Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
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At best, in such depression times, monetary policy is a feeble reed on which to lean.
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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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In economics it is a far, far wiser thing to be right than to be consistent
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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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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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There are times in politics when you must be on the right side and lose.
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Genius is a rising stock market.
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