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I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars.
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
Trade
Nationalism
Possibility
Association
Close
Wars
Rather
Opposite
War
Opposites
Two
Global
Matter
Matters
Manifested
World
Financial
Excessive
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According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.
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Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.
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There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.
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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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Get the process of negotiation away from the small specialized group that some people have called the nuclear theologians ... Only a few people can understand the nature of these weapons ... This kept the whole discussion to a very limited group of people who, in a way, had assumed responsibility for saying whether we should live or die.
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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.
John Kenneth Galbraith
Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be done for reasons of inertia, pecuniary interest, passion or ignorance, we do not wish to say so.
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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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This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe.
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The privileged have regularly invited their own destruction with their greed.
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Anyone who says he won't resign four times, will.
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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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There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater.
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I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
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No nice philosophical point has ever been so decisively resolved as this: that those who are not conceived do not miss the pleasure of consuming the goods they do not get born to enjoy.
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In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.
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The spirit should never grow old.
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The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
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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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There is little that can be said about most economic goods. A toothbrush does little but clean teeth. Aspirin does little but dull pain. Alcohol is important mostly for making people more or less drunk ... There being so little to be said, much is to be invented.
John Kenneth Galbraith
