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The notion that you would initiate a new product without preparing the way by persuasion and advertising and salesmanship is fantastic. It's an integral part of the system.
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
Part
Persuasion
Without
Preparing
Way
Advertising
Would
Fantastic
Product
Notion
Salesmanship
Products
Initiate
System
Integral
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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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There are days when the result is so bad that no fewer than five revisions are required. In contrast, when I'm greatly inspired, only four revisions are needed.
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It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.
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American university presidents are a nervous breed I have never thought well of them as a class.
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The line dividing the state from what is called private enterprise, orat least fromthehighlyorganized part of it, is a traditional fiction.
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Genius is a rising stock market.
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The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.
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Happiness does not require an expanding economy
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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.
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There is little that can be said about most economic goods. A toothbrush does little but clean teeth. Aspirin does little but dull pain. Alcohol is important mostly for making people more or less drunk ... There being so little to be said, much is to be invented.
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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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You will find that [the] State [Department] is the kind of organisation which, though it does big things badly, does small things badly too.
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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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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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No society ever seems to have succumbed to boredom. Man has developed an obvious capacity for surviving the pompous reiteration of the commonplace.
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In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand the spiral operates when there is too much and also,unfortunately, when there is just enough.
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Originality is something that is easily exaggerated, especially by authors contemplating their own work.
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It takes some skill to spoil a breakfast - even the English can't do it.
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Why is anything intrinsically so valueless so obviously desirable?
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Meetings are indispensable when you don't want to do anything.
John Kenneth Galbraith
