John Kenneth Galbraith Quotes and Sayings - Page 1
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“The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.”
-- John Kenneth GalbraithSource : "Stop the Madness". "The Globe and Mail" Newspaper, July 6, 2002.
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“Economics is extremely useful as a form of employment for economists.”
-- John Kenneth Galbraith -
“Under capitalism, man exploits man. Under communism, it's just the opposite.”
-- John Kenneth GalbraithSource : Biography/Personal Quotes, www.imdb.com.
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“The process by which banks create money is so simple that the mind is repelled.”
-- John Kenneth Galbraith -
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“More die in the United States of too much food than of too little.”
-- John Kenneth Galbraith -
“There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.”
-- John Kenneth Galbraith -
“Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.”
-- John Kenneth GalbraithSource : John Kenneth Galbraith (2001). “The Essential Galbraith”, p.241, Houghton Mifflin Harcourt
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“It is almost as important to know what is not serious as to know what is.”
-- John Kenneth Galbraith -
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“The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.”
-- John Kenneth GalbraithSource : Annals of an Abiding Liberal ch. 6 (1979)
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“Wisdom... is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.”
-- John Kenneth Galbraith -
“The conventional view serves to protect us from the painful job of thinking.”
-- John Kenneth Galbraith -
“In economics, the majority is always wrong.”
-- John Kenneth Galbraith -
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“The only function of economic forecasting is to make astrology look respectable.”
-- John Kenneth GalbraithSource : "Biography/ Personal Quotes". www.imdb.com.
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“Change comes not from men and women changing their minds, but from the change from one generation to the next.”
-- John Kenneth Galbraith -
“To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.”
-- John Kenneth Galbraith -
“All successful revolutions are the kicking in of a rotten door.”
-- John Kenneth Galbraith -
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“It is not necessary to advertise food to hungry people, fuel to cold people, or houses to the homeless.”
-- John Kenneth Galbraith -
“Total physical and mental inertia are highly agreeable, much more so than we allow ourselves to imagine. A beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt. It is now the only place in our overly active world that does.”
-- John Kenneth Galbraith -
“It is a commonplace of modern technology that problems have solutions before there is knowledge of how they are to be solved.”
-- John Kenneth Galbraith -
“A person buying ordinary products in a supermarket is in touch with his deepest emotions.”
-- John Kenneth Galbraith -
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“Politics is the art of choosing between the disastrous and the unpalatable.”
-- John Kenneth Galbraith -
“All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.”
-- John Kenneth Galbraith -
“Those who had been riding the upward wave decide now is the time to get out. Those who thought the increase would be forever find their illusion destroyed abruptly, and they, also, respond to the newly revealed reality by selling or trying to sell. And thus the rule, supported by the experience of centuries: the speculative episode always ends not with a whimper but with a bang.”
-- John Kenneth Galbraith -
“Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.”
-- John Kenneth Galbraith -
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“Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.”
-- John Kenneth GalbraithSource : "Recession Economics". New York Review of Books, Volume 29, Number 1, February 04, 1982.
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“One of the greatest pieces of economic wisdom is to know what you do not know.”
-- John Kenneth Galbraith -
“The happiest time of anyone's life is just after the first divorce.”
-- John Kenneth Galbraith -
“The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.”
-- John Kenneth Galbraith -
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“Anyone who says he won't resign four times, will.”
-- John Kenneth Galbraith -
“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. With something so important, a deeper mystery seems only decent.”
-- John Kenneth GalbraithSource : "Money: Whence it came, where it went". Book by John Kenneth Galbraith, pp. 15, 29, 1975.
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