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Economics Quotes by John Kenneth Galbraith
- Nothing so weakens a government as inflation.
- There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.
- Happiness does not require an expanding economy
- There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and…
- It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
- 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 generation…
- The shortcomings of economics are not original error but uncorrected obsolescence. The obsolescence has occurred because what is convenient has become sacrosanct. Anyone who attacks…
- Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is…
- The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.
- The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
- In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see the changes just…
- Economics is not an exact science.
- Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.
- Foresight is an imperfect thing - all prevision in economics is imperfect.
- Economics is extremely useful as a form of employment for economists.
- The conventional view serves to protect us from the painful job of thinking.
- Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
- In economics, the majority is always wrong.
- Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
- Meetings are indispensable when you don't want to do anything.
- In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
- One of the greatest pieces of economic wisdom is to know what you do not know.
- Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears…
- If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics).
- The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not…
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- Many individuals are doing what they can. But real success can only come if there is a change in our societies and… — David Attenborough
- All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works… — Michele Bachmann
- Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of… — Frederic Bastiat
- Government is the great fiction, through which everybody endeavors to live at the expense of everybody else. — Frederic Bastiat
- They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers… — Frederic Bastiat
- Often the masses are plundered and do not know it. — Frederic Bastiat
- I beg you, look for the words 'social justice' or 'economic justice' on your church Web site. If you find it, run… — Glenn Beck
- I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as… — Ben Bernanke
- Ignorance is an evil weed, which dictators may cultivate among their dupes, but which no democracy can afford among its citizens. — William Beveridge
- Corporation: An ingenious device for obtaining profit without individual responsibility. — Ambrose Bierce
- And I know this happens because I took economics, and I'd explain it to ya, but I flunked that course. Not my… — Lewis Black
- Because things are the way they are, things will not stay the way they are. — Bertolt Brecht