Appreciated Quote by John Kenneth Galbraith
“The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated.”
About This Quote
Source Book: The New Industrial State, 1967
Modern corporations reduce many risks, yet this benefit is often overlooked.
In simple terms: Corporations lower risk, but people miss it.
Key Takeaway
Recognize and value corporate risk mitigation.
Themes
economics
corporate governance
risk management
Mood
analytical
critical
Type
economic
observational
When to use this quote
- business strategy
- policy analysis
- investment decisions
Key Concepts
industrial organization
systemic risk
efficiency
Questions to Reflect On
- How does corporate risk reduction affect market stability?
- What risks might be ignored because of perceived safety?
A Different Perspective
Risk reduction can create complacency and overlook new threats.
![“What I am anxious to do is to get the best bill possible with the least amount of friction… I wish to avoid [splitting our party]. I shall do all in my power to retain the corporation tax as it is now and also force a reduction of the [tariff] schedules. It is only when all other efforts fail that…” quote by William Howard Taft](https://sms4smile.com/quotes/img-quotes/07b/william-howard-taft-3006_amount_what-i-am-anxious-to-do-is-to-get-the-be_41279.jpg)
