John Kenneth Galbraith Quotes
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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.
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It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.
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The fact was that American enterprise in the twenties had opened its hospitable arms to an exceptional number of promoters, grafters, swindlers, impostors, and frauds.
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The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.
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It is in the long run that the corporation lives.
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Economists are generally negligent of their heroes.
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You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.
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If inheritance qualifies one for office, intelligence cannot be a requirement.
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Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.
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Men are, in fact, either sustained by organization or they sustain organization.
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The Metropolis should have been aborted long before it became New York, London or Tokyo.
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One of the uses of depression is the exposure of what auditors fail to find.
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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.
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Authorship of any sort is a fantastic indulgence of the ego. It is well no doubt, to reflect on how much one owes to others.
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Ideas may be superior to vested interest. They are also very often the children of vested interest.
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One must always have in mind one simple fact - there is no literate population in the world that is poor, and there is no illiterate population that is anything but poor.
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No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.
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The process by which banks create money is so simple that the mind is repelled.
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A person buying ordinary products in a supermarket is in touch with his deepest emotions.
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There is wonder and a certain wicked pleasure in these giddy ascents and terrible falls, especially as they happen to other people.
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The only function of economic forecasting is to make astrology look respectable.
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The enemy of the conventional wisdom is not ideas but the march of events.
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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.
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Only in very recent times has the average man been a source of savings.