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Wall Street's crime, in the eyes of its classical enemies, was less its power than its morals.
John Kenneth Galbraith -
In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
John Kenneth Galbraith
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Man, at least when educated, is a pessimist. He believes it safer not to reflect on his achievements; Jove is known to strike such people down.
John Kenneth Galbraith -
By all but the pathologically romantic, it is now recognized that this is not the age of the small man.
John Kenneth Galbraith -
Who is king in the world of the blind when there isn't even a one eyed man?
John Kenneth Galbraith -
Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.
John Kenneth Galbraith -
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 Galbraith -
It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
John Kenneth Galbraith
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The only function of economic forecasting is to make astrology look respectable.
John Kenneth Galbraith -
Very important functions can be performed very wastefully and often are.
John Kenneth Galbraith -
Agreeable as it is to know where one is proceeding, it is far more important to know where one has arrived.
John Kenneth Galbraith -
Economics is extremely useful as a form of employment for economists.
John Kenneth Galbraith -
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.
John Kenneth Galbraith -
Nothing in our time is more interesting than the erstwhile capitalist corporation and the erstwhile Communist firm should, under the imperatives of organization, come together as oligarchies of their own members.
John Kenneth Galbraith
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Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
John Kenneth Galbraith -
Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.
John Kenneth Galbraith -
SOME YEARS, like some poets,and politicians and some lovely women, are singled out for fame far beyond the common lot, and 1929 was clearly such a year.
John Kenneth Galbraith -
He enlarged perceptibly the scope for debate, liberalized appreciably the intellectual and cultural life of the country and proclaimed the obvious truth that, after an atomic exchange, little would distinguish the Communist ashes from the capitalist ashes.
John Kenneth Galbraith -
Power is not something that can be assumed or discarded at will like underwear.
John Kenneth Galbraith -
It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
John Kenneth Galbraith
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Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.
John Kenneth Galbraith -
Writing is a long and lonesome business; back of the problems in thought and composition hover always the awful questions: Is this the page that shows the empty shell? Is it here and now that they find me out?
John Kenneth Galbraith -
It was in World War I that the age-old certainties were lost. Until then aristocrats and capitalists felt secure in their position, and even socialists felt certain in their faith. It was never to be so again. The Age of Uncertainty began.
John Kenneth Galbraith -
Educators have yet to realize how deeply the industrial system is dependent upon them.
John Kenneth Galbraith