Capitalism is chronically unstable.Boom and bust has always marked capitalism in the United States. There were panics in 1785, 1791, 1819, 1857,… — John Kenneth Galbraith Copy Share Image
One of the best ways of avoiding necessary and even urgent tasks is to seem to be busily employed on things that… — John Kenneth Galbraith Copy Share Image
I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive ("Free Market… — John Kenneth Galbraith Copy Share Image
Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source… — 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
A nuclear war does not defend a country and it does not defend a system. I've put it the same way many… — John Kenneth Galbraith Copy Share Image
Get the process of negotiation away from the small specialized group that some people have called the "nuclear theologians" ... Only a… — John Kenneth Galbraith Copy Share Image
The notion that you would initiate a new product without preparing the way by persuasion and advertising and salesmanship is fantastic. It's… — John Kenneth Galbraith Copy Share Image
No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not… — 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
