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The only function of economic forecasting is to make astrology look respectable.

— John Kenneth Galbraith Misattributed

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More quotes by John Kenneth Galbraith

When you see reference to a new paradigm you should always, under all circumstances, take cover.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

A Journey Through Economic Time (1994)

American university presidents are a nervous breed; I have never thought well of them as a class.

The Age of Uncertainty (1977)

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.

The Affluent Society (1958)

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We must do away with the absolutely specious notion that everybody has to earn a living.

Buckminster Fuller

Economics is on the side of humanity now.

Isaac Asimov Empire novels (1950)

Since the state must necessarily provide subsistence for the criminal poor while undergoing punishment, not to do the same for the poor who have not offended is to give a premium on crime.

John Stuart Mill Principles of Political Economy (1848)

Economy, in the estimation of common minds, often means the absence of all taste and comfort.

Sydney Smith Lady Holland's Memoir (1855)

Attribution

Quote text and notes from Wikiquote: John Kenneth Galbraith (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.