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
“The process by which wants are now synthesized is a potential source of economic instability. Production and therewith employment and social security… — 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
The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of… — John Kenneth Galbraith Copy Share Image
There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy… — 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
Milton Friedman’s misfortune is that his economic policies have been tried. — 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
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability. — John Kenneth Galbraith Copy Share Image
I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive ("Free Market… — 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 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
The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to… — John Kenneth Galbraith Copy Share Image
There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations. — John Kenneth Galbraith Copy Share Image
“That economics has a considerable conceptual apparatus with an appropriate terminology can not be a serious ground for complaint. Economic phenomena, ideas,… — 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
Foresight is an imperfect thing - all prevision in economics is imperfect. — 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
I've been a faithful reader of the great classical documents of economics, or tried to be. The first book in the field… — John Kenneth Galbraith Copy Share Image
In economics it is a far, far wiser thing to be right than to be consistent — John Kenneth Galbraith Copy Share Image
Economics is extremely useful as a form of employment for economists. — 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
