Economic Quote by John Kenneth Galbraith
“One of the greatest pieces of economic wisdom is to know what you do not know.”
About This Quote
Source Book: The Affluent Society, John Kenneth Galbraith, 1958
Recognizing the limits of one's knowledge is essential for sound economic judgment and decision‑making.
In simple terms: Know what you don’t know.
Key Takeaway
Seek humility in expertise.
Themes
economics
knowledge
humility
decision‑making
wisdom
Mood
analytical
cautious
Type
economic
educational
When to use this quote
- policy analysis
- investment strategy
- education programs
Key Concepts
epistemology
risk assessment
learning mindset
Questions to Reflect On
- How do you identify knowledge gaps?
- What processes ensure continuous learning?
A Different Perspective
Overconfidence can lead to costly errors.
![“Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always…” quote by Lawrence Summers](https://sms4smile.com/quotes/img-quotes/ac4/lawrence-summers-16940_air_just-between-you-and-me-shouldn-t-the-wo_4703.jpg)
