Capitalism Quote by John Kenneth Galbraith

I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late.…

— Joan Robinson

In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time,…

— John Kenneth Galbraith

“Keynes died in 1946, exhausted by his wartime efforts. But he had long since demonstrated that neither capitalism nor liberalism would survive very long…

— Tony Judt

“Keynes concluded that citizens both rich and poor would have to be led gradually out of capitalism, a base and repugnant system of morals.…

— David Roth Singerman

“As Keynes wrote, with devastating understatement, ‘The age of economic internationalism was not particularly successful in avoiding war.”

— Pankaj Mishra

Keynes, far from being a wholehearted lover of freedom, viewed with some sympathy the fascist and Communist ‘experiments’ of the 1930s.

— Ralph Raico

“Keynes declared capitalism the best system ever devised to achieve a civilized economic society. But he recognized in it two major faults—“its failure to…

— Robert B. Reich

“The /utility /economists, according to Wicksell, were committed to a “thoroughly revolutionary programme” precisely on this question of distribution of income.^9 Marshall, and to…

— Joan Robinson

Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor,…

— Myron Scholes

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this…

— Peter Thiel

“Economists who simply advised leaving the economy alone, governments whose first instincts, apart from protecting the gold standard by deflationary policies, was to stick…

— Eric J. Hobsbawm

“The so-called “socialism” exceeded the mangiest recommendations of Keynes! Such a regulated state capitalism, such an intervention of the state in the economy like…

— Todor Bombov