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
Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.
Of late I have searched diligently to discover the advantages of age, and there is, I have concluded, only one. It is that lovely women treat your approaches with understanding rather than with disdain.
When you see reference to a new paradigm you should always, under all circumstances, take cover.
Foresight is an imperfect thing - all prevision in economics is imperfect.
Much discussion of money involves a heavy overlay of priestly incantation.
Few things are as immutable as the addiction of political groups to the ideas by whichthey have once won office.
The charge that an idea is radical, impractical, or long- haired is met by showing that a prominent businessman has favored it?an additional tactic in this strategy of defense?is to assert that Winston Churchill once sponsored the particular idea. If one is challenged, a sufficiently careful investigation will show that he did.
There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.
The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated.
Economics is not an exact science.
Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term crisis was normally employed. With time, however, this acquired the connotation of the misfortune it described.
Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
Speeches in our culture are the vacuum that fills a vacuum.
In 1736, Franklin's Pennsylvania Gazette printed an apology for its irregular appearence because its printer was "with the Press, labouring for the publick Good, to make Money more plentiful." The press was busy printing money.