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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
Thinking
Market
Financial
Merely
Genius
Doubt
Called
Without
Think
Rising
More quotes by 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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Very important functions can be performed very wastefully and often are.
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Economics exists to make astrology look respectable.
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One man's consumption becomes his neighbor's wish.
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The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.
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Foreign policy is conducted for the convenience and enjoyment of people in Washington.
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There are times in politics when you must be on the right side and lose.
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
John Kenneth Galbraith
Decision has greater virtue and force if taken after there has been eloquent dissent.
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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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Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term crisis was normally employed. With time, however, this acquired the connotation of the misfortune it described.
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The foresight of financial experts was, as so often, a poor guide to the future.
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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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It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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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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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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I predict, not because I know, but because I'm asked.
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Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.
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I react to what is necessary. I would like to eschew any formula.
John Kenneth Galbraith
