“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
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
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
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
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
Men will look back in amusement at the pretence that once caused people to refer to General Dynamics and North American Aviation… — 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
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
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
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
“Under capitalism, man exploits man; while under socialism just the reverse is true.” — John Kenneth Galbraith Copy Share Image
If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics). — John Kenneth Galbraith Copy Share Image
In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see… — 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
One of the greatest pieces of economic wisdom is to know what you do not know. — John Kenneth Galbraith Copy Share Image
Under capitalism, man exploits man. Under communism, it's just the opposite. — 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
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
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
