The inborn instability of capitalism has been part of the history of the system for several hundred years. — John Kenneth Galbraith Copy Share Image
Broadly speaking, Keynesianism means that the government has a specific responsibility for the behavior of the economy, that it doesn't work on… — John Kenneth Galbraith Copy Share Image
The only function of economic forecasting is to make astrology look respectable. — 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
It is a well known and very important fact that America's founding fathers did not like taxation without representation. It is a… — John Kenneth Galbraith Copy Share Image
The shortcomings of economics are not original error but uncorrected obsolescence. The obsolescence has occurred because what is convenient has become sacrosanct.… — 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
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 a faithful reader of the great classical documents of economics, or tried to be. — John Kenneth Galbraith Copy Share Image
The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best. — John Kenneth Galbraith Copy Share Image
It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable… — 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
