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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.
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
Public
Called
Greater
Squalor
Become
Affluence
Much
Contrast
Lifetime
Private
Question
More quotes by John Kenneth Galbraith
Because of his compassion Owen was always in trouble with his partners. They would have much preferred a tough, down-to-earth manager who would get a days work out of the little bastards.
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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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Speeches in our culture are the vacuum that fills a vacuum.
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If you're rich you can buy books. If you're poor, you need a library.
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A more important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality.
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But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.
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In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
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Happiness does not require an expanding economy
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If all else fails immortality can always be assured by adequate error.
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Originality is something that is easily exaggerated, especially by authors contemplating their own work.
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A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.
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Talk of revolution is one of avoiding reality.
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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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I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive (Free Market Fraud, January 1999). But I've been interrupted these last few months. It deals with all of the things we do, in an innocent way, to cover up the truth.
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Technology means the systematic application of scientific or other organized knowledge to practical tasks.
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Faced with having to change our views or prove that there is no need to do so, most of us immediately get busy on the proof.
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Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
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In public administration good sense would seem to require that public expectation be kept at the lowest possible level in order to minimize eventual disappointment.
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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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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
