Quote

The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.

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
Take
Something
Adhere
Bureaucracy
Corporate
Term
Stills
Power
Still

More quotes by John Kenneth Galbraith

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In any great organization it is far, far safer to be wrong with the majority than to be right alone.
John Kenneth Galbraith
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Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.
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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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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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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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Agriculture is one economic activity that does not obey the laws of demand and supply.
John Kenneth Galbraith
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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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Of all classes the rich are the most noticed and the least studied.
John Kenneth Galbraith
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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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Educators have yet to realize how deeply the industrial system is dependent upon them.
John Kenneth Galbraith
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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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Who is king in the world of the blind when there isn't even a one eyed man?
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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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Decision has greater virtue and force if taken after there has been eloquent dissent.
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There are a significant number of learned men and women who hold that any successful effort to make ideas lively, intelligible and interesting is a manifestation of deficient scholarship. This is the fortress behind which the minimally coherent regularly find refuge.
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We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.
John Kenneth Galbraith
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There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.
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It takes a certain brashness to attack the accepted economic legendsbut noneat all toperpetuatethem. So theyare perpetuated.
John Kenneth Galbraith
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There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.
John Kenneth Galbraith
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Authorship of any sort is a fantastic indulgence of the ego.
John Kenneth Galbraith