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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Under capitalism, man exploits man. Under communism, it's just the opposite. — 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
The inborn instability of capitalism has been part of the history of the system for several hundred years. — 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
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
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 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
Getting on the cover of TIME guarantees the existence of opposition in the future. — John Kenneth Galbraith Copy Share Image
Technology means the systematic application of scientific or other organized knowledge to practical tasks. — John Kenneth Galbraith Copy Share Image
“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 Image
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 Image
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 Image
Agriculture is one economic activity that does not obey the laws of demand and supply. — John Kenneth Galbraith Copy Share Image
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 Image
Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations. — 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 and spending… — John Kenneth Galbraith Copy Share Image
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 Image
While it will be desirable to achieve planned results, it will be even more important to avoid unplanned disasters. — John Kenneth Galbraith Copy Share Image
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 Image
![“No solution [to the problem of poverty] is so effective…” quote by John Kenneth Galbraith](https://sms4smile.com/quotes/img-quotes/dfb/john-kenneth-galbraith-643_antidote_no-solution-to-the-problem-of-poverty-is_2941126.jpg)
