John Kenneth Galbraith Quotes About Finance

Quotes about: Finance

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

  John Kenneth Galbraith

  Funny, Witty, Men

  Biography/Personal Quotes, www.imdb.com.

• Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

  John Kenneth Galbraith

  Wealth, Prosperity, Finance

  "The Sydney Morning Herald" Newspaper, May 22, 1982.

• The income men derive from producing things of slight consequence is of great consequence. The production reflects the low marginal utility of the goods to society. The income reflects the high total utility of a livelihood to a person.

  John Kenneth Galbraith

  Business, Men, Income

  John Kenneth Galbraith (1998). “The Affluent Society”, p.217, Houghton Mifflin Harcourt

• Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

  John Kenneth Galbraith

  Design, Innovation, Variation

• Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.

  John Kenneth Galbraith

  Wealth, Prosperity, Finance

  John Kenneth Galbraith (1998). “The Affluent Society”, p.1, Houghton Mifflin Harcourt

• The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

  John Kenneth Galbraith

  Business, Investing, World

  John Kenneth Galbraith (1994). “A Short History of Financial Euphoria”, p.21, Penguin

• More investment trusts securities were offered in September of 1929 even than in August - the total was above $600 million. However, the nearly simultaneous promotion of Shenandoah and Blue Ridge was to stand as the pinnacle of new era finance. It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.

  John Kenneth Galbraith

  Blue, August, Imagination

  John Kenneth Galbraith (2009). “The Great Crash 1929”, p.82, Houghton Mifflin Harcourt

• There can be few fields of human endeavor in which history counts for so little as in the world of finance.Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of the those who do not have insight to appreciate the incredible wonders of the present.

  John Kenneth Galbraith

  Memories, Past, Appreciate

  John Kenneth Galbraith (1994). “A Short History of Financial Euphoria”, p.17, Penguin

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