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
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 accepted ideas of any period are singularly those that serve the dominant economic interest...What economists believe and teach, whether in the… — 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
In the assumption that power belongs as a matter of course to capital, all economists are Marxians. — 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
Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do. — 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
In a world where for pedagogic and other purposes a very large number of economists is required, an arrangement which discourages many… — John Kenneth Galbraith Copy Share Image
The years of the Great Depression were a superb time for economists because people not knowing what could be done or what… — John Kenneth Galbraith Copy Share Image
The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are. — 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
