John Kenneth Galbraith Quotes - Page 9

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• Things that come from the private sector are in abundant supply; things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.

  John Kenneth Galbraith

  School, House, Television

  Source: www.progressive.org

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• Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits...did not need to be left idly in the bank. They could be lent. The bank then got interest. The borrower then had a deposit that he could spend. But the original deposit still stood to the credit of the original depositor. That too could be spent. Money, spendable money, had been created. Let no one rub his or her eyes. It's still being done-every day. The creation of money by a bank is as simple as this, so simple, I've often said, that the mind is slightly repelled.

  John Kenneth Galbraith

  Eye, Simple, Discovery

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• We are becoming the servants in thought, as in action of the machine we have created to serve us.

  John Kenneth Galbraith

  Machines, Becoming, Action

  John Kenneth Galbraith (2015). “The New Industrial State”, p.9, Princeton University Press

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• The size of General Motors is in the service not of monopoly or the economies of scale but of planning.

  John Kenneth Galbraith

  Size, Planning, Economy

  John Kenneth Galbraith (2015). “The New Industrial State”, p.96, Princeton University Press

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• Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

  John Kenneth Galbraith

  Use, Succeed, Economy

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• There are times in politics when you must be on the right side and lose.

  John Kenneth Galbraith

  Political, Politics, Sides

  1968 In the Observer, 11 Feb.

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• I feel very angry when I think of brilliant, or even interesting, women whose minds are wasted on a home. Better have an affair. It isn't permanent and you keep your job.

  John Kenneth Galbraith

  Jobs, Home, Thinking

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• Marx profoundly affected those who did not accept his system. His influence extended to those who least supposed they were subject to it.

  John Kenneth Galbraith

  Influence, Accepting, Subjects

  John Kenneth Galbraith (1998). “The Affluent Society”, p.59, Houghton Mifflin Harcourt

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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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• Men are, in fact, either sustained by organization or they sustain organization.

  John Kenneth Galbraith

  Men, Organization, Facts

  John Kenneth Galbraith (2015). “The New Industrial State”, p.121, Princeton University Press

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• The income men derive from producing things of slight consequence is of great consequence. The production reflects the low marginal utility of the goods to society. The income reflects the high total utility of a livelihood to a person.

  John Kenneth Galbraith

  Business, Men, Income

  John Kenneth Galbraith (1998). “The Affluent Society”, p.217, Houghton Mifflin Harcourt

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• Economic life, as always, is a matrix in which result becomes cause and cause becomes result.

  John Kenneth Galbraith

  Causes, Economic, Results

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.222, Princeton University Press

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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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• There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished.

  John Kenneth Galbraith

  Political, Politics, Accomplished

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• Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.

  John Kenneth Galbraith

  Ideas, Common, Language

  John Kenneth Galbraith (1998). “The Affluent Society”, p.41, Houghton Mifflin Harcourt

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• A nuclear war does not defend a country and it does not defend a system. I've put it the same way many times; not even the most accomplished ideologue will be able to tell the difference between the ashes of capitalism and the ashes of communism.

  John Kenneth Galbraith

  Country, War, Differences

  "The Ashes of Capitalism and the Ashes of Communism". "Quest for Peace: an Introduction". Book edited by John M. Whiteley, 1986.

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• The ideas by which people . . . interpret their existence and in measure guide their behavior, were not forged in a world of wealth.

  John Kenneth Galbraith

  Ideas, People, World

  John Kenneth Galbraith (1998). “The Affluent Society”, p.13, Houghton Mifflin Harcourt

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• In public administration good sense would seem to require that public expectation be kept at the lowest possible level in order to minimize eventual disappointment.

  John Kenneth Galbraith

  Disappointment, Order, Expectations

  "A life in our times: memoirs".

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• While it will be desirable to achieve planned results, it will be even more important to avoid unplanned disasters.

  John Kenneth Galbraith

  Important, Achieve, Disaster

  John Kenneth Galbraith (2015). “The New Industrial State”, p.210, Princeton University Press

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• Very important functions can be performed very wastefully and often are.

  John Kenneth Galbraith

  Important, Function

  John Kenneth Galbraith (1998). “The Affluent Society”, p.178, Houghton Mifflin Harcourt

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• Economics is not an exact science.

  John Kenneth Galbraith

  Economics, Exact Sciences

  "The Age of Uncertainty". Book by John Kenneth Galbraith. Chapter 1, p. 36, 1977.

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• In the assumption that power belongs as a matter of course to capital, all economists are Marxians.

  John Kenneth Galbraith

  Matter, Assumption, Economist

  John Kenneth Galbraith (2015). “The New Industrial State”, p.60, Princeton University Press

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• Originality is something that is easily exaggerated, especially by authors contemplating their own work.

  John Kenneth Galbraith

  Originality, Contemplating, Exaggerated

  John Kenneth Galbraith (1998). “The Affluent Society”, p.16, Houghton Mifflin Harcourt

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• THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have duly seen, by extensively replacing the market with planning.

  John Kenneth Galbraith

  Lying, Technology, Genius

  John Kenneth Galbraith (2015). “The New Industrial State”, p.432, Princeton University Press

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• For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.

  John Kenneth Galbraith

  Sake, Lasts, Progressive

  Source: progressive.org

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