John Kenneth Galbraith Quotes
1908–2006 Canada
John Kenneth Galbraith (15 October 1908 – 29 April 2006), also known as J. K.
- Canada
- Academics
- Economists
- Non-fiction authors
Also known as: Galbraith, John Kenneth
Random John Kenneth Galbraith quote
188 quotes
Moreover, regulatory bodies, like the people who comprise them, have a marked life cycle. In youth they are vigorous, aggressive, evangelistic, and even intolerant. Later they mellow, and in old age — after a matter of ten or fifteen years — they become, with some exceptions, either an arm of the industry they are regulating or senile.
The Great Crash, 1929 (1954)
There is no single cure for poverty, but we should not, in our sophistication, be afraid of the obvious ... We need to consider the one prompt and effective solution for poverty, which is to provide everyone with a minimum income.
It was in World War I that the age-old certainties were lost. Until then aristocrats and capitalists felt secure in their position, and even socialists felt certain in their faith. It was never to be so again. The Age of Uncertainty began.
The Age of Uncertainty (1977)
And after they have started the action will always look, as it did to the frightened men in the Federal Reserve Board in February 1929, like a decision in favor of immediate as against ultimate death. As we have seen, the immediate death not only has the disadvantage of being immediate but of identifying the executioner.
The Great Crash, 1929 (1954)
The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.
The New Industrial State (1967)
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.
Foreword to The Beach Book by Gloria Steinem (1963)
Also present, as a kind of co-host, was the rector of the state university. He asked me if I knew the difference between capitalism and socialism. In capitalism man exploits man. In socialism it is just the reverse.
The only function of economic forecasting is to make astrology look respectable.
Misattributed