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
It takes a certain brashness to attack the accepted economic legendsbut noneat all toperpetuatethem. So theyare perpetuated.
In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see the changes just mentioned and others as an interlocked whole.
The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.
In economics it is a far, far wiser thing to be right than to be consistent
The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.
Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.
Economic life, as always, is a matrix in which result becomes cause and cause becomes result.
Foresight is an imperfect thing - all prevision in economics is imperfect.
Milton Friedman’s misfortune is that his economic policies have been tried.
There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.
Nothing so weakens a government as inflation.
The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.
Economics is not an exact science.
It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.