Agriculture is one economic activity that does not obey the laws of demand and supply. — John Kenneth Galbraith Copy Share Image
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… — John Kenneth Galbraith Copy Share Image
People are the common denominator of progress. So... no improvement is possible with unimproved people, and advance is certain when people are… — John Kenneth Galbraith Copy Share Image
The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all… — John Kenneth Galbraith Copy Share Image
Milton Friedman’s misfortune is that his economic policies have been tried. — John Kenneth Galbraith Copy Share Image
It is the good fortune of the affluent country that the opportunity cost of economic discussion is low and hence it can… — John Kenneth Galbraith Copy Share Image
To see economic policy as a problem of choice between rival ideologies is the greatest error of our time. — 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 accepted ideas of any period are singularly those that serve the dominant economic interest...What economists believe and teach, whether in the… — John Kenneth Galbraith Copy Share Image
Monetary policy suffers from the unfortunate absence of any occult effect. It has long been clear that economic management...would be greatly facilitated… — John Kenneth Galbraith Copy Share Image
Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking… — 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
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
“The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously… — John Kenneth Galbraith Copy Share Image
The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run… — John Kenneth Galbraith Copy Share Image
The attraction of power we take for granted in politics.. But in economics...the thrust...is for pecuniary return, for money. And I have… — John Kenneth Galbraith Copy Share Image
Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of… — John Kenneth Galbraith Copy Share Image
It takes a certain brashness to attack the accepted economic legendsbut noneat all toperpetuatethem. So theyare perpetuated. — John Kenneth Galbraith Copy Share Image
I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life… — 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
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
Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects. — John Kenneth Galbraith Copy Share Image
One of the greatest pieces of economic wisdom is to know what you do not know. — John Kenneth Galbraith Copy Share Image
There is little that can be said about most economic goods. A toothbrush does little but clean teeth. Aspirin does little but… — John Kenneth Galbraith Copy Share Image
Perhaps never before or since have so many people taken the measure of economic prospects and found them so favorable as in… — 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
