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John Kenneth Galbraith Quotes
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I am not quite sure what the advantage is in having a few more dollars to spend if the air is too dirty to breathe, the water too polluted to drink, the commuters are losing out in the struggle to get in and out of the city, the streets are filthy, and the schools so bad that the young perhaps wisely stay away, and the hoodlums roll citizens for some of the dollars they saved in the tax cut (John Kenneth Galbraith Quotes)
Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or unduly firm opinion. Nonetheless, there must be a speech: Speeches in our culture are the vacuum that fills a vacuum (John Kenneth Galbraith Quotes)
The urge to consume is fathered by the value system which emphasizes the ability of the society to produce (John Kenneth Galbraith Quotes)
In the market economy the price that is offered is counted upon to produce the result that is sought (John Kenneth Galbraith Quotes)
In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress (John Kenneth Galbraith Quotes)
The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best (John Kenneth Galbraith Quotes)
If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition (John Kenneth Galbraith Quotes)
No hungry man who is also sober can be persuaded to use his last dollar for anything but food (John Kenneth Galbraith Quotes)
Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do (John Kenneth Galbraith Quotes)
No society ever seems to have succumbed to boredom. Man has developed an obvious capacity for surviving the pompous reiteration of the commonplace (John Kenneth Galbraith Quotes)
The individual serves the industrial system not by supplying it with savings and the resulting capital; he serves it by consuming it's products (John Kenneth Galbraith Quotes)
When people put their ballots in the boxes, they are, by that act, inoculated against the feeling that the government is not theirs. They then accept, in some measure, that it's errors are their errors, it's aberrations their aberrations, that any revolt will be against them. It's a remarkably shrewd and rather conservative arrangement when one thinks of it (John Kenneth Galbraith Quotes)
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well (John Kenneth Galbraith Quotes)
The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations. But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness (John Kenneth Galbraith Quotes)
Among all the world's races, some obscure Bedouin tribes possibly apart, Americans are the most prone to misinformation. This is not the consequence of any special preference for mendacity, although at the higher levels of their public administration that tendency is impressive. It is rather that so much of what they themselves believe is wrong (John Kenneth Galbraith Quotes)
Any consideration of the life and larger social existence of the modern corporate man begins and also largely ends with the effect of one all-embracing force. That is organization - the highly structured assemblage of men, and now some women, of which he is a part. It is to this, at the expense of family, friends, sex, recreation and sometimes health and effective control of alcoholic intake, that he is expected to devote his energies (John Kenneth Galbraith Quotes)
The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable (John Kenneth Galbraith Quotes)
Increasingly in recent times we have come first to identify the remedy that is most agreeable, most convenient, most in accord with major pecuniary or political interest, the one that reflects our available faculty for action; then we move from the remedy so available or desired back to a cause to which that remedy is relevant (John Kenneth Galbraith Quotes)
It is a commonplace of modern technology that problems have solutions before there is knowledge of how they are to be solved (John Kenneth Galbraith Quotes)
If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics) (John Kenneth Galbraith Quotes)
The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil (John Kenneth Galbraith Quotes)
I am worried about our tendency to over invest in things and under invest in people (John Kenneth Galbraith Quotes)
There are two kinds of forecasters: those who don't know, and those who don't know they don't know (John Kenneth Galbraith Quotes)
The modern corporation must manufacture not only goods but the desire for the goods it manufactures (John Kenneth Galbraith Quotes)
The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent (John Kenneth Galbraith Quotes)
Change comes not from men and women changing their minds, but from the change from one generation to the next (John Kenneth Galbraith Quotes)
People are the common denominator of progress. So... no improvement is possible with unimproved people, and advance is certain when people are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills,and the other familiar furniture of economic development.... But we are coming to realize... that there is a certain sterility in economic monuments that stand alone in a sea of illiteracy. Conquest of illiteracy comes first (John Kenneth Galbraith Quotes)
In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst (John Kenneth Galbraith Quotes)
There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate (John Kenneth Galbraith Quotes)
She is a reflection of comfortable middle-class values that do not take seriously the continuing unemployment. What I particularly regret is that she does not take seriously the intellectual decline. Having given up the Empire and the mass production of industrial goods, Britain's future lay in it's scientific and artistic pre-eminence. Mrs Thatcher will be long remembered for the damage she has done (John Kenneth Galbraith Quotes)