John Kenneth Galbraith Quotes - Page 16

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• No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.

  John Kenneth Galbraith

  Grandparent, Return, Privilege

  john kenneth galbraith (1971). “the new industrial state”

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• In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is too much and also,unfortunately, when there is just enough.

  John Kenneth Galbraith

  Demand, Too Much, Facts

  "The New Industrial State". Book by John Kenneth Galbraith. Chapter XXII, Section 4, p. 255, 1967.

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• 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

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• Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that create the wants.

  John Kenneth Galbraith

  Want, Bizarre, Made

  John Kenneth Galbraith (2001). “The Essential Galbraith”, p.33, Houghton Mifflin Harcourt

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• To add to the technostructure is to increase its power in the enterprise.

  John Kenneth Galbraith

  Add, Increase, Enterprise

  John Kenneth Galbraith (1971). “The new industrial state”, Houghton Mifflin

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• Power is as power does.

  John Kenneth Galbraith

  Doe

  "Money: Whence It Came, Where It Went". Book by John Kenneth Galbraith. Chapter X, "The Impeccable System," p. 118, 1975.

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• It's much easier to point out the problem than it is to say just how it should be solved.

  John Kenneth Galbraith

  Problem, Easier, Should

  John Kenneth Galbraith, Stanislav Mikhaĭlovich Menʹshikov (1989). “Capitalism, communism and coexistence: from the bitter past to a better prospect”, Hamish Hamilton

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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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• 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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• 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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• [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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• 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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• 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'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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• 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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