John Kenneth Galbraith

American economist

Lived from: 1908-2006

Category: Economists and businessmen

Quotes: John Kenneth Galbraith

Quotes 1 till 15 of 48.

• John Kenneth Galbraith

  

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  One of the greatest pieces of economic wisdom is to know what you do not know.

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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.

• John Kenneth Galbraith

  

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  By all but the pathologically romantic, it is now recognized that this is not the age of the small man.

• John Kenneth Galbraith

  

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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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  Economics is extremely useful as a form of employment for economists.

• John Kenneth Galbraith

  

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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 affluent society no useful distinction can be made between luxuries and necessaries.

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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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  In the United States, though power corrupts, the expectation of power paralyzes.

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