--- title: "Meaning & Key Takeaway of: In all modern depressions, recessions, or…" description: "\"In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We miss only ..." image: "https://sms4smile.com/quotes/i/a5b/john-kenneth-galbraith-643_capitalism_in-all-modern-depressions-recessions-or_3018193.jpg" --- # In all modern depressions, recessions, or… ![“In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We miss only the opportunities for the labour - for the jobs - that are not provided.” quote by John Kenneth Galbraith](https://sms4smile.com/quotes/i/a5b/john-kenneth-galbraith-643_capitalism_in-all-modern-depressions-recessions-or_3018193.jpg) [Download](https://sms4smile.com/quotes/i/a5b/john-kenneth-galbraith-643_capitalism_in-all-modern-depressions-recessions-or_3018193.jpg) [Open image](https://sms4smile.com/quotes/i/a5b/john-kenneth-galbraith-643_capitalism_in-all-modern-depressions-recessions-or_3018193.jpg) > “In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We miss only the opportunities for the labour - for the jobs - that are not provided.” [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic downturns highlight missing production, not missing goods; the loss is in unfilled labor and job opportunities. **In simple terms:** Recessions cause lost jobs, not missing products. Key Takeaway Focus on creating jobs during downturns. Themes economics labor markets recessions opportunity cost Mood concerned analytical Type economic policy analytical When to use this quote - policy planning - business strategy - career counseling - government stimulus - entrepreneurial ventures Key Concepts Keynesian economics market failure resource allocation Questions to Reflect On - How can societies better match labor supply with demand? - What policies can turn recession into job creation? A Different Perspective May overlook structural issues that cause job scarcity beyond demand fluctuations. ★ ★ ★ ★ ★ No ratings yet [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Corrections](https://sms4smile.com/quotes/about/corrections/) [Growth](https://sms4smile.com/quotes/about/growth/) [Jobs](https://sms4smile.com/quotes/about/jobs/) [Labour](https://sms4smile.com/quotes/about/labour/) [Opportunity](https://sms4smile.com/quotes/about/opportunity/) [Recessions](https://sms4smile.com/quotes/about/recessions/) ## Related quotes > [Broadly speaking, Keynesianism means that the government has a specific responsibility for the behavior of the economy, that it doesn't work on its own…](https://sms4smile.com/quotes/john-kenneth-galbraith/broadly-speaking-keynesianism-means-that-the-government-has-a/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [It was not hard to persuade people that the market was sound; as always in such times they asked only that the dispiriting voices…](https://sms4smile.com/quotes/john-kenneth-galbraith/it-was-not-hard-to-persuade-people-that-the-market-was-sound-as/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [“positive thinking is the way to erase all your depressions”](https://sms4smile.com/quotes/angel-of-death/positive-thinking-is-the-way-to-erase-all-your-depressions/) [Angel of Death](https://sms4smile.com/quotes/author/angel-of-death/) > [Be courageous. 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