John Kenneth Galbraith Quotes - Page 16

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• I predict, not because I know, but because I'm asked.

  John Kenneth Galbraith

  Knows

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• Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.

  John Kenneth Galbraith

  Humorous, Standards, Humour

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• If a man didn't make sense, the Scotch felt it was misplaced politeness to try to keep him from knowing it. Better that he be aware of his reputation, for this would encourage reticence which goes well with stupidity.

  John Kenneth Galbraith

  Men, Scotch, Knowing

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• There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.

  John Kenneth Galbraith

  Wise, Economics, Scope

  John Kenneth Galbraith (2001). “The Essential Galbraith”, p.12, Houghton Mifflin Harcourt

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• The foresight of financial experts was, as so often, a poor guide to the future.

  John Kenneth Galbraith

  Experts, Financial, Poor

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.159, Princeton University Press

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• It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium.

  John Kenneth Galbraith

  Men, Perfectly Normal, Aberration

  John Kenneth Galbraith (2001). “The Essential Galbraith”, p.234, Houghton Mifflin Harcourt

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• 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

  Peace, Discovery, Choices

  "Years of the Modern". Book by by J.W. Chase, 1949.

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• Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.

  John Kenneth Galbraith

  War, Vietnam, Thanks

  Source: progressive.org

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• We have a swarm of people in the stock market - not out of knowledge, not out of expectation, but out of basically a gambling instinct, the hope that prices will go up.

  John Kenneth Galbraith

  Gambling, People, Expectations

  Source: progressive.org

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• The oldest [John Kenneth] Galbraith rule is that when you hear that a new era has dawned, you should take cover.

  John Kenneth Galbraith

  Eras, Should, Kenneth

  Source: progressive.org

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• Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.

  John Kenneth Galbraith

  President, Different, Franklin Delano Roosevelt

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• I've been a faithful reader of the great classical documents of economics, or tried to be.

  John Kenneth Galbraith

  Faithful, Economics, Reader

  Source: progressive.org

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• [Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.

  John Kenneth Galbraith

  War, Two, Peaceful

  Source: progressive.org

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• Ralph [ Nader] is an old friend of mine, and he does a useful job in displaying a position.

  John Kenneth Galbraith

  Jobs, Old Friends, Doe

  Source: progressive.org

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• I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.

  John Kenneth Galbraith

  Conservative, Surprise, Politician

  Source: progressive.org

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• I'm certainly going to support Al Gore because, on the whole, he's the more sensible figure and you vote not for the perfect but for the best. Coupled with that is a special situation.

  John Kenneth Galbraith

  Perfect, Support, Special

  Source: progressive.org

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• A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.

  John Kenneth Galbraith

  Government, Innovation, Too Much

  Source: progressive.org

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• We're all subject to the daily pressures of consumer persuasion.

  John Kenneth Galbraith

  Pressure, Persuasion, Consumers

  Source: progressive.org

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• I talked about the consolidation of power in the hands of the corporate bureaucracy, as distinct from the stockholders. To this view, I still strongly adhere.

  John Kenneth Galbraith

  Views, Hands, Bureaucracy

  Source: progressive.org

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• I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.

  John Kenneth Galbraith

  Wise, Alternatives, Conflict

  Source: progressive.org

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• The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.

  John Kenneth Galbraith

  Bureaucracy, Term, Stills

  Source: progressive.org

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• The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.

  John Kenneth Galbraith

  Years, Knowing, People

  Source: www.progressive.org

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