John Kenneth Galbraith
John Kenneth Galbraith
John Kenneth "Ken" Galbraith, OCwas a Canadianeconomist, public official, and diplomat, and a leading proponent of 20th-century American liberalism. His books on economic topics were bestsellers from the 1950s through the 2000s, during which time Galbraith fulfilled the role of public intellectual. As an economist, he leaned toward Post-Keynesian economics from an institutionalist perspective...
NationalityAmerican
ProfessionEconomist
Date of Birth15 October 1908
CountryUnited States of America
John Kenneth Galbraith quotes about
Clerks in downtown hotels were said to be asking guests whether they wished the room for sleeping or jumping. Two men jumped hand-in-hand from a high window in the Ritz. They had a joint account.
In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down.
Simple minds, presumably, are the easiest to manage.
The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is too much and also,unfortunately, when there is just enough.
Writing is a long and lonesome business; back of the problems in thought and composition hover always the awful questions: Is this the page that shows the empty shell? Is it here and now that they find me out?
But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.
It's a rule worth having in mind. Income almost always flows along the same axis as power but in the opposite direction.
Conscience is better served by a myth.
If inheritance qualifies one for office, intelligence cannot be a requirement.
The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being
I never enjoyed writing a book more; indeed, it is the only one I remember in no sense as a labor but as a joy.
SOME YEARS, like some poets,and politicians and some lovely women, are singled out for fame far beyond the common lot, and 1929 was clearly such a year.
We do not manufacture wants for goods we do not produce.