Quotes by John Kenneth Galbraith

John Kenneth Galbraith
American economist
Alive from: 1908-2006
Category: Economists and businessmen
Quotes 1 till 15 of 48.
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Economics is extremely useful as a form of employment for economists.
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In the affluent society no useful distinction can be made between luxuries and necessaries.
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One of the greatest pieces of economic wisdom is to know what you do not know.
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Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.
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All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.
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By all but the pathologically romantic, it is now recognized that this is not the age of the small man.
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Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.
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Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.
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I am worried about our tendency to over invest in things and under invest in people.
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If all else fails, immortality can always be assured by spectacular error.
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In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
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In any great organization it is far, far safer to be wrong with the majority than to be right alone.
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In economics the majority is always wrong.
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In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
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In the choice between changing one's mind and proving there's no need to do so, most people get busy on the proof.
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