Best John Kenneth Galbraith Wisdom
- In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is… Counterpart
- The first goal of the technostructure is its own security. First Goal
- But it can be laid down as a rule that those who speak most of liberty are least inclined to use it. Down
- There is wonder and a certain wicked pleasure in these giddy ascents and terrible falls, especially as they happen to other people. Ascent
- It's a rule worth having in mind. Income almost always flows along the same axis as power but in the opposite direction. Almost Always
- Conscience is better served by a myth. Better
- If inheritance qualifies one for office, intelligence cannot be a requirement. Inheritance
- The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable… Adverse
- Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs. Adviser
- I never enjoyed writing a book more; indeed, it is the only one I remember in no sense as a labor but as a joy. Book
- SOME YEARS, like some poets,and politicians and some lovely women, are singled out for fame far beyond the common lot, and 1929 was clearly such… Beyond
- No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice… Both
- At best, in such depression times, monetary policy is a feeble reed on which to lean. Best
- Poverty" Pitt exclaimed "is no disgrace but it is damned annoying." In the contemporary United States it is not annoying but it is a disgrace. Annoying
- Private enterprise did not get us atomic energy. Atomic
- Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study. Agricultural
- That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplification of… Behavior
- The overall effect of the rise of the industrial system is greatly to reduce the union as a social force. But it will not disappear… Become Entirely
- Agreeable as it is to know where one is proceeding, it is far more important to know where one has arrived. Agreeable
- Economic life, as always, is a matrix in which result becomes cause and cause becomes result. Becomes
- What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade… Available
- Economists are generally negligent of their heroes. Economist
- Who is king in the world of the blind when there isn't even a one eyed man? Blind
- Only men of considerable vanity write books; consistently therewith, I worried lest the world were exchanging an irreplaceable author for a more easily purchased diplomat. Author
- The notion of a formal structure of command must be abandoned. It is more useful to think of the mature corporation as a series of… Abandoned
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