John Kenneth Galbraith Quotes

Quotes about:

• The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

  John Kenneth Galbraith

  Honesty, Integrity, Philosophy

  "Stop the Madness". "The Globe and Mail" Newspaper, July 6, 2002.

  104 Copy quote

• People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.

  John Kenneth Galbraith

  People, Risk, Investing

  "The Age of Uncertainty". Book by John Kenneth Galbraith, 1977.

  19 Copy quote

• Under capitalism, man exploits man. Under communism, it's just the opposite.

  John Kenneth Galbraith

  Funny, Witty, Men

  Biography/Personal Quotes, www.imdb.com.

  79 Copy quote

• Politics is the art of choosing between the disastrous and the unpalatable.

  John Kenneth Galbraith

  Art, Freedom, Political

  "Don't blame Alistair Darling. He's just the brush and bucket" by Andrew Rawnsley, www.theguardian.com. July 19, 2008.

  26 Copy quote

• The privileged have regularly invited their own destruction with their greed.

  John Kenneth Galbraith

  Greed, Investing, Destruction

  "The Age of Uncertainty". Book by John Kenneth Galbraith. Chapter 10, p. 293, 1977.

  4 Copy quote

• 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.

  John Kenneth Galbraith

  Money, Simple, Mind

  "Money: Whence it came, where it went". Book by John Kenneth Galbraith, pp. 15, 29, 1975.

  40 Copy quote

• Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.

  John Kenneth Galbraith

  Inspirational, Change, Sweet

  John Kenneth Galbraith (2001). “The Essential Galbraith”, p.241, Houghton Mifflin Harcourt

  45 Copy quote

• If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics).

  John Kenneth Galbraith

  Horse, Oats, Sparrows

  11 Copy quote

• There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.

  John Kenneth Galbraith

  Two, Investing, Kind

  35 Copy quote

• The only function of economic forecasting is to make astrology look respectable.

  John Kenneth Galbraith

  Astrology, Looks, Economic

  "Biography/ Personal Quotes". www.imdb.com.

  43 Copy quote

• That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplification of our culture.

  John Kenneth Galbraith

  Looks, Needs, Culture

  John Kenneth Galbraith (1968). “The New Industrial State”

  4 Copy quote

• The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.

  John Kenneth Galbraith

  Business, Awards, Achievement

  Annals of an Abiding Liberal ch. 6 (1979)

  19 Copy quote

• No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food, housing, health services, education or money, income is an excellent antidote for deprivation. No truth has spawned so much ingenious evasion.

  John Kenneth Galbraith

  Income, Poverty, Problem

  47 Copy quote

• The conventional view serves to protect us from the painful job of thinking.

  John Kenneth Galbraith

  Life, Motivational, Jobs

  45 Copy quote

• The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

  John Kenneth Galbraith

  Problem, Economics, Modern

  Source: www.progressive.org

  25 Copy quote

• When everything else failed, we can still become immortal by making an enormous blunder.

  John Kenneth Galbraith

  Death, Suicide, Enormous

  6 Copy quote

• In any great organization it is far, far safer to be wrong with the majority than to be right alone.

  John Kenneth Galbraith

  Organization, Political, Majority

  The Guardian, July 28, 1989.

  13 Copy quote

• Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.

  John Kenneth Galbraith

  Horse, Oats, Sides

  "Recession Economics". New York Review of Books, Volume 29, Number 1, February 04, 1982.

  65 Copy quote

• When people are least sure, they are often most dogmatic.

  John Kenneth Galbraith

  Acceptance, People, Rejection

  John Kenneth Galbraith (1997). “The Great Crash, 1929”, p.171, Houghton Mifflin Harcourt

  5 Copy quote

• The huge capacity to purchase submission that goes with any large sum of money, well, this we have. This is a power of which we should all be aware.

  John Kenneth Galbraith

  Submission, Should, Capacity

  "Quest for Peace: an Introduction". Book by John Whiteley, 1986.

  7 Copy quote

• There's a certain part of the contented majority who love anybody who is worth a billion dollars.

  John Kenneth Galbraith

  Love, Political, Majority

  The Guardian, May 23, 1992.

  7 Copy quote

• 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

  Education, Sea, People

  "Economic Development". Book by John Kenneth Galbraith. Chapter 2, 1962.

  7 Copy quote

• 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

  Government, Views, Class

  The Guardian, May 23, 1992.

  8 Copy quote

• Nothing so denies a person liberty as the total absence of money.

  John Kenneth Galbraith

  Liberty, Absence, Deny

  Source: www.progressive.org

  7 Copy quote

• Nothing is so admirable in politics as a short memory.

  John Kenneth Galbraith

  Memories, Freedom, Political

  9 Copy quote

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