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I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.
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
Wise
Complex
Global
Consider
Colleagues
National
Alternative
Trade
Alternatives
Conflict
Liberal
Accept
Tension
Accepting
Complexes
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There's a certain part of the contented majority who love anybody who is worth a billion dollars.
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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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Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
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There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
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In any great organization it is far, far safer to be wrong with the majority than to be right alone.
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The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.
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Happiness does not require an expanding economy
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Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
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Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.
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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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In recent times no problem has been more puzzling to thoughtful people than why, in a troubled world, we make such poor use of our affluence.
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One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.
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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
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One man's consumption becomes his neighbor's wish.
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