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Accepted Quote by John Kenneth Galbraith

“It takes a certain brashness to attack the accepted economic legendsbut noneat all toperpetuatethem. So theyare perpetuated.” quote by John Kenneth Galbraith
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“It takes a certain brashness to attack the accepted economic legendsbut noneat all toperpetuatethem. So theyare perpetuated.”

John Kenneth Galbraith

About This Quote

Source Book: The Affluent Society, 1958

Challenging prevailing economic myths requires boldness, yet people often accept and perpetuate them without criticism.

In simple terms: Questioning economic myths needs courage, but they're often left unchallenged.

Key Takeaway

Critically examine accepted economic ideas.

Themes

economics myths criticism

Mood

skeptical analytical

Type

philosophical critical

When to use this quote

  • policy analysis
  • business strategy
  • education
  • media commentary

Key Concepts

status quo intellectual bravery

Questions to Reflect On

  • What economic "legends" do you accept without scrutiny?
  • How can we foster healthier questioning of economic norms?
A Different Perspective

Some entrenched beliefs resist change despite evidence.

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