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… — John Kenneth Galbraith Copy Share Image
The miserable consumption of the poor is partly the result of the ostentatious demands of the rich. There isn't enough for both,… — John Kenneth Galbraith Copy Share Image
We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich… — John Kenneth Galbraith Copy Share Image
One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy… — John Kenneth Galbraith Copy Share Image
In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates… — 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
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
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
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
