The inborn instability of capitalism has been part of the history of the system for several hundred years. — John Kenneth Galbraith Copy Share Image
“Under capitalism, man exploits man; while under socialism just the reverse is true.” — John Kenneth Galbraith Copy Share Image
Under capitalism, man exploits man. Under communism, it's just the opposite. — John Kenneth Galbraith Copy Share Image
In the market economy the price that is offered is counted upon to produce the result that is sought. — John Kenneth Galbraith Copy Share Image
I begin with the renaming of the system. It used to be capitalism. But that evokes [Karl] Marx and [John] Rockefeller. So… — John Kenneth Galbraith Copy Share Image
The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes.… — John Kenneth Galbraith Copy Share Image
Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism… — John Kenneth Galbraith Copy Share Image
The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic… — John Kenneth Galbraith Copy Share Image
Nothing in our time is more interesting than the erstwhile capitalist corporation and the erstwhile Communist firm should, under the imperatives of… — John Kenneth Galbraith Copy Share Image
Those who yearn for the end of capitalism should pray for government by men who believe that all positive action is inimical… — John Kenneth Galbraith Copy Share Image
Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs… — John Kenneth Galbraith Copy Share Image
The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between… — John Kenneth Galbraith Copy Share Image
Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits...did not need to be left idly in the… — John Kenneth Galbraith Copy Share Image
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally… — John Kenneth Galbraith Copy Share Image
Financial capacity and political perspicacity are inversely correlated. Long-run salvation by men of business has never been highly regarded if it means… — John Kenneth Galbraith Copy Share Image
Were it part of our everyday education and comment that the corporation is an instrument for the exercise of power, that it… — John Kenneth Galbraith Copy Share Image
It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was… — John Kenneth Galbraith Copy Share Image
No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not… — John Kenneth Galbraith Copy Share Image
Let’s begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system.… — John Kenneth Galbraith Copy Share Image
In Europe and the United States the two decades following the Second World War will for long be remembered as a very… — John Kenneth Galbraith Copy Share Image
No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food,… — John Kenneth Galbraith Copy Share Image
In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We… — John Kenneth Galbraith Copy Share Image
A nuclear war does not defend a country and it does not defend a system. I've put it the same way many… — John Kenneth Galbraith Copy Share Image
Capitalism is chronically unstable.Boom and bust has always marked capitalism in the United States. There were panics in 1785, 1791, 1819, 1857,… — John Kenneth Galbraith Copy Share Image
World War II revealed two of the enduring features of the Keynesian Revolution. One was the moral difference between spending for welfare… — John Kenneth Galbraith Copy Share Image
Getting on the cover of TIME guarantees the existence of opposition in the future. — John Kenneth Galbraith Copy Share
Technology means the systematic application of scientific or other organized knowledge to practical tasks. — John Kenneth Galbraith Copy Share
“Men can labor to make sense out of single steps toward the goal without ever pausing to reflect that the goal itself is ludicrous.” — John Kenneth Galbraith Copy Share
Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to… — John Kenneth Galbraith Copy Share
That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplification… — John Kenneth Galbraith Copy Share
Agriculture is one economic activity that does not obey the laws of demand and supply. — John Kenneth Galbraith Copy Share
If we were not in Vietnam, all that part of the world would be enjoying the obscurity it so richly deserves. — John Kenneth Galbraith Copy Share
Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations. — John Kenneth Galbraith Copy Share
World War II revealed two of the enduring features of the Keynesian Revolution. One was the moral difference between spending for welfare and spending… — John Kenneth Galbraith Copy Share
Money is what fueled the industrial society. But in the informational society, the fuel, the power, is knowledge. One has now come to see… — John Kenneth Galbraith Copy Share
While it will be desirable to achieve planned results, it will be even more important to avoid unplanned disasters. — John Kenneth Galbraith Copy Share
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… — John Kenneth Galbraith Copy Share
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… — John Kenneth Galbraith Copy Share
Inventions that are not made, like babies that are not born, are rarely missed. In the absence of new developments, old ones may seem… — John Kenneth Galbraith Copy Share
![“I begin with the renaming of the system. It used to be capitalism. But that evokes [Karl] Marx and [John] Rockefeller. So now we speak of the market system. That is a nice bland expression, which forgets those off-color references.” quote by John Kenneth Galbraith](https://sms4smile.com/q/img-quotes/7e1/john-kenneth-galbraith-643_bland_i-begin-with-the-renaming-of-the-system_2827375.jpg)
![“No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food, housing, health services, education or money, income is an excellent antidote for deprivation. No truth has spawned so much ingenious evasion.” quote by John Kenneth Galbraith](https://sms4smile.com/q/img-quotes/dfb/john-kenneth-galbraith-643_antidote_no-solution-to-the-problem-of-poverty-is_2941126.png)
