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
Pundits forecast not because they know, but because they are asked.
No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.
SOME YEARS, like some poets,and politicians and some lovely women, are singled out for fame far beyond the common lot, and 1929 was clearly such a year.
I never enjoyed writing a book more; indeed, it is the only one I remember in no sense as a labor but as a joy.
When you see reference to a new paradigm you should always, under all circumstances, take cover.
Genius is a rising stock market.
In the affluent society, no useful distinction can be made between luxuries and necessities.
Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
Milton Friedman’s misfortune is that his economic policies have been tried.
The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.
I am worried about our tendency to over invest in things and under invest in people.
There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.