--- title: "13 Modern Quotes By John Kenneth Galbraith" description: "13 Modern quotes by John Kenneth Galbraith. Plus more from John Kenneth Galbraith and more Modern sayings from other authors." image: "https://sms4smile.com/quotes/i/e1e/john-kenneth-galbraith-643_conservative_the-modern-conservative-is-engaged-in-on_1700611.png" --- > [The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral…](https://sms4smile.com/quotes/john-kenneth-galbraith/the-modern-conservative-is-engaged-in-one-of-man-s-oldest-exercises/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/e1e/john-kenneth-galbraith-643_conservative_the-modern-conservative-is-engaged-in-on_1700611.png) > [The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of…](https://sms4smile.com/quotes/john-kenneth-galbraith/the-problem-of-the-modern-economy-is-not-a-failure-of-a-knowledge-of/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/873/john-kenneth-galbraith-643_economics_the-problem-of-the-modern-economy-is-not_290223.png) > [The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated.](https://sms4smile.com/quotes/john-kenneth-galbraith/the-massive-reduction-in-risk-that-is-inherent-in-the-development-of/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/cef/john-kenneth-galbraith-643_appreciated_the-massive-reduction-in-risk-that-is-in_1331538.png) > [In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.](https://sms4smile.com/quotes/john-kenneth-galbraith/in-the-conventional-wisdom-of-conservatives-the-modern-search-for/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/26f/john-kenneth-galbraith-643_conservatism_in-the-conventional-wisdom-of-conservati_2810232.png) > [It is a commonplace of modern technology that problems have solutions before there is knowledge of how they are to be solved.](https://sms4smile.com/quotes/john-kenneth-galbraith/it-is-a-commonplace-of-modern-technology-that-problems-have-solutions/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/da8/john-kenneth-galbraith-643_knowledge_it-is-a-commonplace-of-modern-technology_2499367.png) > [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…](https://sms4smile.com/quotes/john-kenneth-galbraith/a-point-must-be-repeated-only-the-pathological-weakness-of-the/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/641/john-kenneth-galbraith-643_believe_a-point-must-be-repeated-only-the-pathol_901130.jpg) > [The modern corporation must manufacture not only goods but the desire for the goods it manufactures.](https://sms4smile.com/quotes/john-kenneth-galbraith/the-modern-corporation-must-manufacture-not-only-goods-but-the-desire/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/26e/john-kenneth-galbraith-643_advertising_the-modern-corporation-must-manufacture_201519.png) > [In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We…](https://sms4smile.com/quotes/john-kenneth-galbraith/in-all-modern-depressions-recessions-or-growth-correction-as/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/a5b/john-kenneth-galbraith-643_capitalism_in-all-modern-depressions-recessions-or_3018193.jpg) > [The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate…](https://sms4smile.com/quotes/john-kenneth-galbraith/the-real-accomplishment-of-modern-science-and-technology-consists-in/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/d8a/john-kenneth-galbraith-643_accomplishment_the-real-accomplishment-of-modern-scienc_288732.png) > [Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of…](https://sms4smile.com/quotes/john-kenneth-galbraith/superficial-observers-have-long-criticized-the-united-states-for/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/e24/john-kenneth-galbraith-643_administration_superficial-observers-have-long-criticiz_1652717.jpg) > [Any consideration of the life and larger social existence of the modern corporate man begins and also largely ends with the effect…](https://sms4smile.com/quotes/john-kenneth-galbraith/any-consideration-of-the-life-and-larger-social-existence-of-the/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/936/john-kenneth-galbraith-643_alcoholics_any-consideration-of-the-life-and-larger_745698.jpg) > [No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not…](https://sms4smile.com/quotes/john-kenneth-galbraith/no-politician-can-praise-unemployment-or-inflation-and-there-is-no/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/903/john-kenneth-galbraith-643_capitalism_no-politician-can-praise-unemployment-or_2749405.png) > [It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was…](https://sms4smile.com/quotes/john-kenneth-galbraith/it-had-been-held-that-the-economic-system-any-capitalist-system-found/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) [Image](https://sms4smile.com/quotes/i/167/john-kenneth-galbraith-643_aberration_it-had-been-held-that-the-economic-syste_824225.jpg) ## Other authors on Modern ## More by John Kenneth Galbraith > [Getting on the cover of TIME guarantees the existence of opposition in the future.](https://sms4smile.com/quotes/john-kenneth-galbraith/getting-on-the-cover-of-time-guarantees-the-existence-of-opposition/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [Technology means the systematic application of scientific or other organized knowledge to practical tasks.](https://sms4smile.com/quotes/john-kenneth-galbraith/technology-means-the-systematic-application-of-scientific-or-other/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [“Men can labor to make sense out of single steps toward the goal without ever pausing to reflect that the goal itself is ludicrous.”](https://sms4smile.com/quotes/john-kenneth-galbraith/men-can-labor-to-make-sense-out-of-single-steps-toward-the-goal/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to…](https://sms4smile.com/quotes/john-kenneth-galbraith/consumer-wants-can-have-bizarre-frivolous-or-even-immoral-origins-and/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplification…](https://sms4smile.com/quotes/john-kenneth-galbraith/that-one-never-need-to-look-beyond-the-love-of-money-for-explanation/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [Agriculture is one economic activity that does not obey the laws of demand and supply.](https://sms4smile.com/quotes/john-kenneth-galbraith/agriculture-is-one-economic-activity-that-does-not-obey-the-laws-of/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [If we were not in Vietnam, all that part of the world would be enjoying the obscurity it so richly deserves.](https://sms4smile.com/quotes/john-kenneth-galbraith/if-we-were-not-in-vietnam-all-that-part-of-the-world-would-be/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.](https://sms4smile.com/quotes/john-kenneth-galbraith/washington-is-a-place-where-men-praise-courage-and-act-on-elaborate/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [World War II revealed two of the enduring features of the Keynesian Revolution. One was the moral difference between spending for welfare and spending…](https://sms4smile.com/quotes/john-kenneth-galbraith/world-war-ii-revealed-two-of-the-enduring-features-of-the-keynesian/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [Money is what fueled the industrial society. But in the informational society, the fuel, the power, is knowledge. One has now come to see…](https://sms4smile.com/quotes/john-kenneth-galbraith/money-is-what-fueled-the-industrial-society-but-in-the-informational/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [While it will be desirable to achieve planned results, it will be even more important to avoid unplanned disasters.](https://sms4smile.com/quotes/john-kenneth-galbraith/while-it-will-be-desirable-to-achieve-planned-results-it-will-be-even/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [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…](https://sms4smile.com/quotes/john-kenneth-galbraith/a-bad-book-is-the-worse-that-it-cannot-repent-it-has-not-been-the/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [Genius is a rising stock market.](https://sms4smile.com/quotes/john-kenneth-galbraith/genius-is-a-rising-stock-market/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [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…](https://sms4smile.com/quotes/john-kenneth-galbraith/mr-david-stockman-has-said-that-supply-side-economics-was-merely-a/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [Inventions that are not made, like babies that are not born, are rarely missed. In the absence of new developments, old ones may seem…](https://sms4smile.com/quotes/john-kenneth-galbraith/inventions-that-are-not-made-like-babies-that-are-not-born-are-rarely/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/modern/john-kenneth-galbraith/#itemlist", "name": "13 Modern Quotes By John Kenneth Galbraith", "numberOfItems": 13, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.", "creator": { "@type": "Person", "name": "John Kenneth Galbraith" }, "url": "https://sms4smile.com/quotes/john-kenneth-galbraith/the-modern-conservative-is-engaged-in-one-of-man-s-oldest-exercises/", "image": { "@type": 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We miss only the opportunities for the labour - for the jobs - that are not provided.", "creator": { "@type": "Person", "name": "John Kenneth Galbraith" }, "url": "https://sms4smile.com/quotes/john-kenneth-galbraith/in-all-modern-depressions-recessions-or-growth-correction-as/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a5b/john-kenneth-galbraith-643_capitalism_in-all-modern-depressions-recessions-or_3018193.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a5b/john-kenneth-galbraith-643_capitalism_in-all-modern-depressions-recessions-or_3018193.jpg", "url": "https://sms4smile.com/quotes/i/a5b/john-kenneth-galbraith-643_capitalism_in-all-modern-depressions-recessions-or_3018193.jpg", "width": 1080, "height": 1080, "caption": "“In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the…” — John Kenneth Galbraith", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.", "creator": { "@type": "Person", "name": "John Kenneth Galbraith" }, "url": "https://sms4smile.com/quotes/john-kenneth-galbraith/the-real-accomplishment-of-modern-science-and-technology-consists-in/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d8a/john-kenneth-galbraith-643_accomplishment_the-real-accomplishment-of-modern-scienc_288732.png", "contentUrl": "https://sms4smile.com/quotes/i/d8a/john-kenneth-galbraith-643_accomplishment_the-real-accomplishment-of-modern-scienc_288732.png", "url": "https://sms4smile.com/quotes/i/d8a/john-kenneth-galbraith-643_accomplishment_the-real-accomplishment-of-modern-scienc_288732.png", "width": 1080, "height": 1080, "caption": "“The real accomplishment of modern science and technology consists in taking ordinary men, informing them…” — John Kenneth Galbraith", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.", "creator": { "@type": "Person", "name": "John Kenneth Galbraith" }, "url": "https://sms4smile.com/quotes/john-kenneth-galbraith/superficial-observers-have-long-criticized-the-united-states-for/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/e24/john-kenneth-galbraith-643_administration_superficial-observers-have-long-criticiz_1652717.jpg", "contentUrl": "https://sms4smile.com/quotes/i/e24/john-kenneth-galbraith-643_administration_superficial-observers-have-long-criticiz_1652717.jpg", "url": "https://sms4smile.com/quotes/i/e24/john-kenneth-galbraith-643_administration_superficial-observers-have-long-criticiz_1652717.jpg", "width": 1080, "height": 1080, "caption": "“Superficial observers have long criticized the United States for making a fetish of youth. This is unfair…” — John Kenneth Galbraith", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "Any consideration of the life and larger social existence of the modern corporate man begins and also largely ends with the effect of one all-embracing force. That is organization - the highly structured assemblage of men, and now some women, of which he is a part. It is to this, at the expense of family, friends, sex, recreation and sometimes health and effective control of alcoholic intake, that he is expected to devote his energies.", "creator": { "@type": "Person", "name": "John Kenneth Galbraith" }, "url": "https://sms4smile.com/quotes/john-kenneth-galbraith/any-consideration-of-the-life-and-larger-social-existence-of-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/936/john-kenneth-galbraith-643_alcoholics_any-consideration-of-the-life-and-larger_745698.jpg", "contentUrl": "https://sms4smile.com/quotes/i/936/john-kenneth-galbraith-643_alcoholics_any-consideration-of-the-life-and-larger_745698.jpg", "url": "https://sms4smile.com/quotes/i/936/john-kenneth-galbraith-643_alcoholics_any-consideration-of-the-life-and-larger_745698.jpg", "width": 1080, "height": 1080, "caption": "“Any consideration of the life and larger social existence of the modern corporate man begins and also…” — John Kenneth Galbraith", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not involve some control of income and prices. Otherwise the struggle for more consumption and more income to sustain it-a struggle that modern corporations, modern unions and modern democracy all facilitate and encourage-will drive up prices. Only heavy unemployment will then temper this upward thrust. Not many wish to confront the truth that the modern economy gives a choice only between inflation, unemployment, or controls.", "creator": { "@type": "Person", "name": "John Kenneth Galbraith" }, "url": "https://sms4smile.com/quotes/john-kenneth-galbraith/no-politician-can-praise-unemployment-or-inflation-and-there-is-no/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/903/john-kenneth-galbraith-643_capitalism_no-politician-can-praise-unemployment-or_2749405.png", "contentUrl": "https://sms4smile.com/quotes/i/903/john-kenneth-galbraith-643_capitalism_no-politician-can-praise-unemployment-or_2749405.png", "url": "https://sms4smile.com/quotes/i/903/john-kenneth-galbraith-643_capitalism_no-politician-can-praise-unemployment-or_2749405.png", "width": 1080, "height": 1080, "caption": "“No politician can praise unemployment or inflation, and there is no way of combining high employment with…” — John Kenneth Galbraith", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 13, "item": { "@type": "Quotation", "text": "It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium.", "creator": { "@type": "Person", "name": "John Kenneth Galbraith" }, "url": "https://sms4smile.com/quotes/john-kenneth-galbraith/it-had-been-held-that-the-economic-system-any-capitalist-system-found/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/167/john-kenneth-galbraith-643_aberration_it-had-been-held-that-the-economic-syste_824225.jpg", "contentUrl": "https://sms4smile.com/quotes/i/167/john-kenneth-galbraith-643_aberration_it-had-been-held-that-the-economic-syste_824225.jpg", "url": "https://sms4smile.com/quotes/i/167/john-kenneth-galbraith-643_aberration_it-had-been-held-that-the-economic-syste_824225.jpg", "width": 1080, "height": 1080, "caption": "“It had been held that the economic system, any capitalist system, found its equilibrium at full employment…” — John Kenneth Galbraith", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/modern/john-kenneth-galbraith/#webpage", "url": "https://sms4smile.com/quotes/about/modern/john-kenneth-galbraith/", "name": "Modern Quotes by John Kenneth Galbraith", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/modern/john-kenneth-galbraith/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/e1e/john-kenneth-galbraith-643_conservative_the-modern-conservative-is-engaged-in-on_1700611.png" }, "description": "13 Modern quotes by John Kenneth Galbraith. Plus more from John Kenneth Galbraith and more Modern sayings from other authors.", "breadcrumb": { "@id": "https://sms4smile.com/quotes/about/modern/john-kenneth-galbraith/#breadcrumb" } }, { "@type": "BreadcrumbList", "@id": "https://sms4smile.com/quotes/about/modern/john-kenneth-galbraith/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Topics", "item": "https://sms4smile.com/quotes/categories/" }, { "@type": "ListItem", "position": 4, "name": "Modern", "item": "https://sms4smile.com/quotes/about/modern/" }, { "@type": "ListItem", "position": 5, "name": "John Kenneth Galbraith", "item": "https://sms4smile.com/quotes/about/modern/john-kenneth-galbraith/" } ] }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```