John Kenneth Galbraith Quotes
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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.
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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.
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It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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Economics is extremely useful as a form of employment for economists.
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Modesty is a vastly overrated virtue.
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The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
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Among all the world's races, some obscure Bedouin tribes possibly apart, Americans are the most prone to misinformation. This is not the consequence of any special preference for mendacity, although at the higher levels of their public administration that tendency is impressive. It is rather that so much of what they themselves believe is wrong.
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The advisers and counselors were not, however, analyzing the danger or even the possibility. They were serving only as the custodians of bad memories.
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But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.
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No one knew, but it cannot be stressed too frequently, that for effective incantation knowledge is neither necessary nor assumed.
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It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
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In economics, the majority is always wrong.
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Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term crisis was normally employed. With time, however, this acquired the connotation of the misfortune it described.
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Men have been swindled by other men on many occasions. The autumn of 1929 was, perhaps, the first occasion when men succeeded on a large scale in swindling themselves.
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It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
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Agreeable as it is to know where one is proceeding, it is far more important to know where one has arrived.
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There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.
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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?
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Few people at the beginning of the nineteenth century needed an adman to tell them what they wanted.
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There's a certain part of the contented majority who love anybody who is worth a billion dollars.
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A bad book is the worse that it cannot repent. It has not been the devil's policy to keep the masses of mankind in ignorance; but finding that they will read, he is doing all in his power to poison their books.
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Conscience is better served by a myth.
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Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
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Educators have yet to realize how deeply the industrial system is dependent upon them.