John Kenneth Galbraith Quotes About Economics

Quotes about: Economics

• 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

• Economics is extremely useful as a form of employment for economists.

  John Kenneth Galbraith

  Government, Home Economics, Employment

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

• 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.

• In economics, the majority is always wrong.

  John Kenneth Galbraith

  Inspirational, Majority, Investing

  John Kenneth Galbraith (1969). “Ambassador's Journal”

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

  John Kenneth Galbraith

  Life, Motivational, Jobs

• 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

• 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.

• It is a well known and very important fact that America's founding fathers did not like taxation without representation. It is a lesser known and equally important fact that they did not much like taxation with representation.

  John Kenneth Galbraith

  Father, America, Important

• In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

  John Kenneth Galbraith

  Faith, Desire, Economics

  The New York Times Magazine, June 07, 1970.

• 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

• One of the greatest pieces of economic wisdom is to know what you do not know.

  John Kenneth Galbraith

  Wisdom, Knowledge, Pieces

• Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.

  John Kenneth Galbraith

  Believe, Suffering, Economics

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

• Meetings are indispensable when you don't want to do anything.

  John Kenneth Galbraith

  Change, Business, Organization

  John Kenneth Galbraith (1969). “Ambassador's Journal”

• I've been a faithful reader of the great classical documents of economics, or tried to be. The first book in the field that I ever read was Principles of Economics by Alfred Marshall. I suppose subsequently I would have to pick out Keynes, Adam Smith, Marx.

  John Kenneth Galbraith

  Book, Faithful, Fields

  Source: www.progressive.org

• Men will look back in amusement at the pretence that once caused people to refer to General Dynamics and North American Aviation and AT&T as private business.

  John Kenneth Galbraith

  Men, People, Looks

• Agriculture is one economic activity that does not obey the laws of demand and supply.

  John Kenneth Galbraith

  Law, Agriculture, Doe

• 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

• Happiness does not require an expanding economy

  John Kenneth Galbraith

  Business, Doe, Management

• The shortcomings of economics are not original error but uncorrected obsolescence. The obsolescence has occurred because what is convenient has become sacrosanct. Anyone who attacks such ideas must seem to be a trifle self-confident and even aggressive. The man who makes his entry by leaning against an infirm door gets an unjustified reputation for violence. Something is to be attributed to the poor state of the door.

  John Kenneth Galbraith

  Men, Errors, Doors

  John Kenneth Galbraith (1969). “The affluent society”, Hamish Hamilton

• Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is not enough to explain. The images that are in the mind of the writer must be made to reappear in the mind of the reader, and it is the absence of this ability that causes much economic writing to be condemned, quite properly, as abstract.

  John Kenneth Galbraith

  Writing, Hands, Mind

• Economics exists to make astrology look respectable.

  John Kenneth Galbraith

  Astrology, Looks, Investing

• Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.

  John Kenneth Galbraith

  Thinking, People, Political

• It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

  John Kenneth Galbraith

  Believe, Errors, Investing

  John Kenneth Galbraith (1995). “A Journey Through Economic Time: A Firsthand View”, Houghton Mifflin Harcourt

• Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.

  John Kenneth Galbraith

  Marketing, Fields, Study

  John Kenneth Galbraith (2015). “The New Industrial State”, p.154, Princeton University Press

• Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.

  John Kenneth Galbraith

  Blessing, Boredom, Mind

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