John Kenneth Galbraith
John Kenneth Galbraith
John Kenneth "Ken" Galbraith, OCwas a Canadianeconomist, public official, and diplomat, and a leading proponent of 20th-century American liberalism. His books on economic topics were bestsellers from the 1950s through the 2000s, during which time Galbraith fulfilled the role of public intellectual. As an economist, he leaned toward Post-Keynesian economics from an institutionalist perspective...
NationalityAmerican
ProfessionEconomist
Date of Birth15 October 1908
CountryUnited States of America
That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplification of our culture.
Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.
However, it is safe to say that at the peak in 1929 the number of active speculators was less - and probably was much less - than a million.
Private enterprise did not get us atomic energy.
Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.
Agreeable as it is to know where one is proceeding, it is far more important to know where one has arrived.
Economic life, as always, is a matrix in which result becomes cause and cause becomes result.
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.
Only men of considerable vanity write books; consistently therewith, I worried lest the world were exchanging an irreplaceable author for a more easily purchased diplomat.
In 1736, Franklin's Pennsylvania Gazette printed an apology for its irregular appearence because its printer was "with the Press, labouring for the publick Good, to make Money more plentiful." The press was busy printing money.
Foresight is an imperfect thing - all prevision in economics is imperfect.
One man's consumption becomes his neighbor's wish.
The masters thought they were loved until one day one of their favorites farted loudly while serving dinner and the next day was gone. The very first manifestation of the classless society is the disappearance of the servant class.
It is the good fortune of the affluent country that the opportunity cost of economic discussion is low and hence it can afford all kinds.