It was not hard to persuade people that the market was sound; as always in such times they asked only that the… — John Kenneth Galbraith Copy Share Image
The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in… — John Kenneth Galbraith Copy Share Image
Those who had been riding the upward wave decide now is the time to get out. Those who thought the increase would… — John Kenneth Galbraith Copy Share Image
People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. — John Kenneth Galbraith Copy Share Image
In the market economy the price that is offered is counted upon to produce the result that is sought. — John Kenneth Galbraith Copy Share Image
THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have… — John Kenneth Galbraith Copy Share Image
The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the… — John Kenneth Galbraith Copy Share Image
To see economic policy as a problem of choice between rival ideologies is the greatest error of our time. — John Kenneth Galbraith Copy Share Image
More investment trusts securities were offered in September of 1929 even than in August - the total was above $600 million. However,… — John Kenneth Galbraith Copy Share Image
A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in… — John Kenneth Galbraith Copy Share Image
Pundits forecast not because they know, but because they are asked. — John Kenneth Galbraith Copy Share Image
There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks. — John Kenneth Galbraith Copy Share Image
There can be few fields of human endeavor in which history counts for so little as in the world of finance.Past experience,… — 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
We have a swarm of people in the stock market - not out of knowledge, not out of expectation, but out of… — John Kenneth Galbraith Copy Share Image
I think without a doubt, that what is called "financial genius" is merely a rising market. — John Kenneth Galbraith Copy Share Image
In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably… — John Kenneth Galbraith Copy Share Image
The privileged have regularly invited their own destruction with their greed. — John Kenneth Galbraith Copy Share Image
A bubble comes from rising prices, whether of stocks, real estate, works of art or anything else. A price increase attracts attention… — John Kenneth Galbraith Copy Share Image
Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed. — John Kenneth Galbraith Copy Share Image
There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know. — John Kenneth Galbraith Copy Share Image
In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire… — John Kenneth Galbraith Copy Share Image
The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version. — 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
