The inborn instability of capitalism has been part of the history of the system for several hundred years. — 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
Under capitalism, man exploits man. Under communism, it's just the opposite. — John Kenneth Galbraith Copy Share Image
Economics is extremely useful as a form of employment for economists. — John Kenneth Galbraith Copy Share Image
Milton Friedman’s misfortune is that his economic policies have been tried. — 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
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability. — 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 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
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
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
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
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 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
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
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
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
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 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
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
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
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
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
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
Getting on the cover of TIME guarantees the existence of opposition in the future. — John Kenneth Galbraith Copy Share
Technology means the systematic application of scientific or other organized knowledge to practical tasks. — John Kenneth Galbraith Copy Share
“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
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
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
Agriculture is one economic activity that does not obey the laws of demand and supply. — John Kenneth Galbraith Copy Share
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
Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations. — John Kenneth Galbraith Copy Share
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
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
While it will be desirable to achieve planned results, it will be even more important to avoid unplanned disasters. — John Kenneth Galbraith Copy Share
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
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 less elegant… — John Kenneth Galbraith Copy Share
Inventions that are not made, like babies that are not born, are rarely missed. In the absence of new developments, old ones may seem… — John Kenneth Galbraith Copy Share
