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I think without a doubt, that what is called financial genius is merely a rising market.
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
Financial
Merely
Genius
Doubt
Called
Without
Think
Rising
Thinking
Market
More quotes by John Kenneth Galbraith
All, the intelligent and stupid, diligent and idle, have been swept along on a current of increased output that, in the usual case, owed nothing whatever to their efforts.
John Kenneth Galbraith
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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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.
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Pundits forecast not because they know, but because they are asked.
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Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.
John Kenneth Galbraith
I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
John Kenneth Galbraith
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.
John Kenneth Galbraith
A [New Yorker ] is what it has always been. It combines those who pursue the truth with those who pursue the rewards of orthodoxy and those who pursue what is comfortable to the rich.
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Power is not something that can be assumed or discarded at will like underwear.
John Kenneth Galbraith
The first goal of the technostructure is its own security.
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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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The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
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It is not the individual's right to buy that is being protected. Rather, it is the seller's right to manage the individual.
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Nothing so weakens government as persistent inflation.
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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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Nothing is more portable than rich people and their money
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Power is as power does.
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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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Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
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We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.
John Kenneth Galbraith
