John Kenneth Galbraith Quotes - Page 7

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• Hermann Goering, Joachim von Ribbentrop, Albert Speer, Walther Frank, Julius Streicher and Robert Ley did pass under my inspectionand interrogation in 1945 but they only proved that National Socialism was a gangster interlude at a rather low order of mental capacity and with a surprisingly high incidence of alcoholism.

  John Kenneth Galbraith

  Order, Goering, Nazism

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• You will find that [the] State [Department] is the kind of organisation which, though it does big things badly, does small things badly too.

  John Kenneth Galbraith

  Kindness, Government, Organization

  "High on Foggy Bottom: An Outsider's Inside View of the Government". Book by Charles Frankel, 1969.

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• Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.

  John Kenneth Galbraith

  Imperfect, Incompetence, Oligopoly

  John Kenneth Galbraith (2015). “The New Industrial State”, p.226, Princeton University Press

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• The individual serves the planning system not by supplying it with savings and the resulting capital; he serves it far more by consuming its products.

  John Kenneth Galbraith

  Saving, Individual, Consumerism

  "The New Industrial State".

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• Truth has anciently been called the first casualty of war. Money may, in fact, have priority.

  John Kenneth Galbraith

  War, Priorities, May

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.106, Princeton University Press

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• It is a commonplace of modern technology that problems have solutions before there is knowledge of how they are to be solved.

  John Kenneth Galbraith

  Technology, Problem, Modern

  John Kenneth Galbraith (2001). “The Essential Galbraith”, p.63, Houghton Mifflin Harcourt

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• Total physical and mental inertia are highly agreeable, much more so than we allow ourselves to imagine. A beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt. It is now the only place in our overly active world that does.

  John Kenneth Galbraith

  Beach, Ocean, Vacation

  "The Beach Book". Book by Gloria Steinem, 1963.

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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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• 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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• The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

  John Kenneth Galbraith

  Business, Investing, World

  John Kenneth Galbraith (1994). “A Short History of Financial Euphoria”, p.21, Penguin

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• In economics it is a far, far wiser thing to be right than to be consistent

  John Kenneth Galbraith

  Economics, Consistent, Wiser

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• A person buying ordinary products in a supermarket is in touch with his deepest emotions.

  John Kenneth Galbraith

  Ordinary, Buying, Emotion

  "The psychology of impulsive shopping" by Tomas Chamorro-Premuzic, www.theguardian.com. November 26, 2015.

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• There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.

  John Kenneth Galbraith

  Simple, Giving, Perception

  Source: progressive.org

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• The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated.

  John Kenneth Galbraith

  Risk, Development, Corporations

  John Kenneth Galbraith (1998). “The Affluent Society”, p.84, Houghton Mifflin Harcourt

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• The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.

  John Kenneth Galbraith

  Men, Investing, May

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

  18 Copy quote

• Simple minds, presumably, are the easiest to manage.

  John Kenneth Galbraith

  Simple, Mind, Simple Minds

  John Kenneth Galbraith (1998). “The Affluent Society”, p.220, Houghton Mifflin Harcourt

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• Those who had been riding the upward wave decide now is the time to get out. Those who thought the increase would be forever find their illusion destroyed abruptly, and they, also, respond to the newly revealed reality by selling or trying to sell. And thus the rule, supported by the experience of centuries: the speculative episode always ends not with a whimper but with a bang.

  John Kenneth Galbraith

  Reality, Forever, Trying

  John Kenneth Galbraith (1994). “A Short History of Financial Euphoria”, p.11, Penguin

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• 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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• Foresight is an imperfect thing - all prevision in economics is imperfect.

  John Kenneth Galbraith

  Imperfect Things, Economics, Foresight

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.312, Princeton University Press

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• Nothing so weakens government as persistent inflation.

  John Kenneth Galbraith

  Government, Economics, Inflation

  "The affluent society".

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• If you get a reputation for being honest, you have 95 percent of the competition already beat.

  John Kenneth Galbraith

  Competition, Reputation, Honest

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• Those who yearn for the end of capitalism should pray for government by men who believe that all positive action is inimical to what they call thoughtfully the fundamental principles of free enterprise.

  John Kenneth Galbraith

  Believe, Men, Principles

  "Money: Whence It Came, Where It Went". Book by John Kenneth Galbraith. Chapter XXI, "Afterword," p. 312, 1975.

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• One man's consumption becomes his neighbor's wish.

  John Kenneth Galbraith

  Men, Wish, Neighbor

  John Kenneth Galbraith (1998). “The Affluent Society”, p.126, Houghton Mifflin Harcourt

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• What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.

  John Kenneth Galbraith

  Use, States, Policy

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.251, Princeton University Press

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• Why is anything intrinsically so valueless so obviously desirable?

  John Kenneth Galbraith

  Desirable, Valueless

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.72, Princeton University Press

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