John Kenneth Galbraith Quotes About Responsibility

Quotes about: Responsibility

• Even in such a time of madness as the late twenties, a great many man in Wall Street remained quite sane. But they also remained very quiet. The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil. Perhaps this is inherent. In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it. So the wise in Wall Street are nearly always silent. The foolish thus have the field to themselves. None rebukes them.

  John Kenneth Galbraith

  Wise, Wall, Responsibility

  John Kenneth Galbraith (1955). “The great crash, 1929”

• The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.

  John Kenneth Galbraith

  Responsibility, Community, Financial

  John Kenneth Galbraith (1955). “The great crash, 1929”

• Broadly speaking, Keynesianism means that the government has a specific responsibility for the behavior of the economy, that it doesn't work on its own autonomous course, but the government, when there's a recession, compensates by employment, by expansion of purchasing power, and in boom times corrects by being a restraining force. But it controls the great flow of demand into the economy, what since Keynesian times has been the flow of aggregate demand. That was the basic idea of Keynes so far as one can put it in a couple of sentences.

  John Kenneth Galbraith

  Couple, Mean, Responsibility

  Interview with Brian Lamb, Booknotes C-SPAN, November 13, 1994.

• Get the process of negotiation away from the small specialized group that some people have called the "nuclear theologians" ... Only a few people can understand the nature of these weapons ... This kept the whole discussion to a very limited group of people who, in a way, had assumed responsibility for saying whether we should live or die.

  John Kenneth Galbraith

  Responsibility, People, Nuclear

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

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