“All crisis have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying… — John Kenneth Galbraith Copy Share Image
The size of General Motors is in the service not of monopoly or the economies of scale but of planning. — John Kenneth Galbraith Copy Share Image
Men have been swindled by other men on many occasions. The autumn of 1929 was, perhaps, the first occasion when men succeeded… — 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
I've long believed alas, that in highly organized industrial societies, capitalist or socialist, the stronger tendency is to converge - that if… — John Kenneth Galbraith Copy Share Image
If there must be madness, something may be said for having it on a heroic scale — 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
