Discovery Quote by John Kenneth Galbraith
“In 1929 the discovery of the wonders of the geometric series struck Wall Street with a force comparable to the invention of the wheel.”
About This Quote
The discovery of geometric series was as revolutionary for finance as the wheel was for technology, highlighting its transformative impact.
In simple terms: Geometric series changed finance like the wheel changed technology.
Key Takeaway
Recognize powerful mathematical tools.
Themes
innovation
finance
mathematics
Mood
analytical
informative
Type
economic
historical
When to use this quote
- investment strategy
- educational curriculum
- financial modeling
Key Concepts
exponential growth
historical impact
economic theory
Questions to Reflect On
- How do mathematical concepts reshape industries?
- What modern discovery could be similarly transformative?
A Different Perspective
It may overstate the analogy.
![“I wrote an article about the marine landing [in Haiti] right away, but barely mentioned the oil, because my article would come out two months later and I assumed by then, "of course, everybody knows." Nobody knew. There was a news report in the Wall Street Journal, in the petroleum journals, and…” quote by Noam Chomsky](https://sms4smile.com/quotes/img-quotes/dc5/noam-chomsky-42_articles_i-wrote-an-article-about-the-marine-land_13341.jpg)
![“Next came the Patent laws. These began in England in 1624; and, in this country, with the adoption of our constitution. Before then [these?], any man might instantly use what another had invented; so that the inventor had no special advantage from his own invention. The patent system changed this…” quote by Abraham Lincoln](https://sms4smile.com/quotes/img-quotes/449/abraham-lincoln-88_adoption_next-came-the-patent-laws-these-began-in_1828.jpg)
![“[W]e must learn to accommodate ourselves to the discovery that some of those cunningly-fashioned instruments called human souls have only a very limited range of music, and will not vibrate in the least under a touch that fills others with tremulous rapture or quivering agony.” quote by George Eliot](https://sms4smile.com/quotes/img-quotes/9be/george-eliot-84_agony_w-e-must-learn-to-accommodate-ourselves_12409.jpg)
![“That has been another interesting discovery: that basically a city [Lagos] could recover from a really deep, deep, deep pit.” quote by Rem Koolhaas](https://sms4smile.com/quotes/img-quotes/61e/rem-koolhaas-5371_cities_that-has-been-another-interesting-discov_15915.jpg)
