One of the greatest pieces of economic wisdom is to know what you do not know. — 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
“Under capitalism, man exploits man; while under socialism just the reverse is true.” — 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
Foresight is an imperfect thing - all prevision in economics is imperfect. — John Kenneth Galbraith Copy Share Image
Under capitalism, man exploits man. Under communism, it's just the opposite. — 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
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
Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning… — 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
The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important. — 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
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
Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime. — 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
If anything is evident about people who manage money, it is that the task attracts a very low level of talent, one… — John Kenneth Galbraith Copy Share Image
Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at… — 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
A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of… — 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 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 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
“None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter… — 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
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability. — 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
![“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/quotes/img-quotes/7e1/john-kenneth-galbraith-643_bland_i-begin-with-the-renaming-of-the-system_2827375.jpg)
