Economics Quote by John Kenneth Galbraith Download Open image “Foresight is an imperfect thing - all prevision in economics is imperfect.” — John Kenneth Galbraith ★ ★ ★ ★ ★ 4.1 out of 5 (7 ratings) Copy quoteShare Economics Foresight Imperfect Imperfect things Inspirational Prevision
The foresight of financial experts was, as so often, a poor guide to the future. — John Kenneth Galbraith Copy Share Image
Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past… — Ben Bernanke Copy Share Image
Reality looks much more obvious in hindsight than in foresight. People who experience hindsight bias misapply current hindsight to past foresight. They perceive events… — Hersh Shefrin Copy Share Image
Whilst large organisations need foresight, they are also notorious in their bias for short term thinking, sometimes rejecting or even suppressing foresight. — Tom Graves Copy Share Image
Foresight is not about predicting the future, it's about minimizing surprise. — Karl Schroeder Copy Share Image
In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and… — Benjamin Graham Copy Share Image
No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to… — Ludwig von Mises Copy Share Image
“The task of the economist is not merely, as in equilibrium theory, to examine the logical consistency of various modes of action, but to… — Ludwig Lachmann 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
Don't let's lose sight of what creates wealth. It is open markets, it is capitalism. — Rupert Murdoch Copy Share Image
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours. — Alan Greenspan Copy Share Image
Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,… — Christopher Bond Copy Share Image
Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned… — Charles Boustany Copy Share Image
“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the… — Yaakov Malkin Copy Share Image
“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality… — Pierre Bourdieu Copy Share Image
Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,… — Kevin Rudd Copy Share Image
“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,… — Michael C. Mankins Copy Share Image
The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those… — Friedrich August von Hayek Copy Share Image
The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder. — Frederic Bastiat Copy Share Image
“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are… — Karl Marx Copy Share Image
