John Kenneth Galbraith Quotes - Page 14

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• In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.

  John Kenneth Galbraith

  Food, Mean, Alcohol

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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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• Inventions that are not made, like babies that are not born, are rarely missed.

  John Kenneth Galbraith

  Baby, Invention, Born

  "The Affluent Society".

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• Man, at least when educated, is a pessimist. He believes it safer not to reflect on his achievements; Jove is known to strike such people down.

  John Kenneth Galbraith

  Believe, Men, People

  "The Age of Uncertainty". Book by John Kenneth Galbraith. Chapter 12, p. 324, 1977.

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• We live surrounded by a systematic appeal to a dream world which all mature, scientific reality would reject. We, quite literally, advertise our commitment to immaturity, mendacity and profound gullibility. It is as the hallmark of the culture. And it is justified as being economically indispensable.

  John Kenneth Galbraith

  Dream, Commitment, Reality

  John Kenneth Galbraith (2001). “The Essential Galbraith”, p.104, Houghton Mifflin Harcourt

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• All, the intelligent and stupid, diligent and idle, have been swept along on a current of increased output that, in the usual case, owed nothing whatever to their efforts.

  John Kenneth Galbraith

  Stupid, Intelligent, Effort

  John Kenneth Galbraith (2007). “The New Industrial State”, p.431, Princeton University Press

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• The charge that an idea is radical, impractical, or long- haired is met by showing that a prominent businessman has favored it?an additional tactic in this strategy of defense?is to assert that Winston Churchill once sponsored the particular idea. If one is challenged, a sufficiently careful investigation will show that he did.

  John Kenneth Galbraith

  Ideas, Long, Defense

  1955 Economics and the Art of Controversy.

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• Much discussion of money involves a heavy overlay of priestly incantation.

  John Kenneth Galbraith

  Heavy, Discussion

  1975 Money, p.4.

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• It is in the long run that the corporation lives.

  John Kenneth Galbraith

  Running, Long, Corporations

  John Kenneth Galbraith (1998). “The Affluent Society”, p.171, Houghton Mifflin Harcourt

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• Only in very recent times has the average man been a source of savings.

  John Kenneth Galbraith

  Men, Average, Saving

  John Kenneth Galbraith (2015). “The New Industrial State”, p.44, Princeton University Press

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• Seaboard Air Line, which was thought by numerous innocents to provide a foothold in aviation, was another favorite, although, in fact, it was a railroad.

  John Kenneth Galbraith

  Air, Railroads, Lines

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.123, Princeton University Press

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• There is no name for all who participate in group decision-making or the organization which they form. I propose to call this organization the Technostructure.

  John Kenneth Galbraith

  Names, Organization, Decision

  John Kenneth Galbraith (2001). “The Essential Galbraith”, p.76, Houghton Mifflin Harcourt

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• I never enjoyed writing a book more; indeed, it is the only one I remember in no sense as a labor but as a joy.

  John Kenneth Galbraith

  Book, Writing, Joy

  John Kenneth Galbraith (1980). “The Great Crash 1929”

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• SOME YEARS, like some poets,and politicians and some lovely women, are singled out for fame far beyond the common lot, and 1929 was clearly such a year.

  John Kenneth Galbraith

  Years, Lovely, Common

  JOHN KENNETH GALBRAITH (1962). “THE GREAT CRASH 1929”

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• The overall effect of the rise of the industrial system is greatly to reduce the union as a social force. But it will not disappear or become entirely unimportant.

  John Kenneth Galbraith

  Unions, Disappear, Social

  John Kenneth Galbraith (2015). “The New Industrial State”, p.338, Princeton University Press

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• The traveler to the United States will do wellto prepare himself for the class-consciousness of the natives. This differs from the already familiar English version in being more extreme and based more firmly on the conviction that the class to which the speaker belongs is inherently superior to all others.

  John Kenneth Galbraith

  Class, United States, Consciousness

  "The United States". The New York magazine article on November 15, 1971, reprinted in "A View from the Stands", 1986.

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• I was brought up in southwestern Ontario where we were taught that Canadian patriotism should not withstand anything more than a five-dollar-a-month wage differential. Anything more than that and you went to Detroit.

  John Kenneth Galbraith

  Ontario, Dollars, Months

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• In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We miss only the opportunities for the labour - for the jobs - that are not provided.

  John Kenneth Galbraith

  Jobs, Opportunity, Missing

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• No intelligence system can predict what a government will do if it doesn't know itself.

  John Kenneth Galbraith

  Government, Knows, Ifs

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

  John Kenneth Galbraith

  Law, Agriculture, Doe

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• 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

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• It was not hard to persuade people that the market was sound; as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.

  John Kenneth Galbraith

  Expression, Voice, People

  "The Great Crash, 1929". Book by John Kenneth Galbraith, Chapter V, The Twilight of Illusion, Section II, p. 70, 1954.

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• Much literary criticism comes from people for whom extreme specialization is a cover either for grave cerebral inadequacy or terminal laziness, the latter being a much-cherished aspect of academic freedom.

  John Kenneth Galbraith

  Freedom, People, Criticism

  "H.L. Mencken: The Baltimore Oracle" by John Kenneth Galbraith, www.washingtonpost.com. September 14, 1980.

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• The attraction of power we take for granted in politics.. But in economics...the thrust...is for pecuniary return, for money. And I have always felt that denies in the economic world a very large part of the motivation.

  John Kenneth Galbraith

  Motivation, World, Return

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• Monetary policy suffers from the unfortunate absence of any occult effect. It has long been clear that economic management...would be greatly facilitated if resort could occasionally be had to witchcraft.

  John Kenneth Galbraith

  Long, Suffering, Would Be

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