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
The size of General Motors is in the service not of monopoly or the economies of scale but of planning.
Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.
In the market economy the price that is offered is counted upon to produce the result that is sought.
The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.
Modesty is a vastly overrated virtue.
It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.
Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
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.
Few people at the beginning of the nineteenth century needed an adman to tell them what they wanted.
Power is not something that can be assumed or discarded at will like underwear.
More die in the United States from too much food that from too little.
In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.
If wrinkles must be written upon our brows, let them not be written upon the heart. The spirit should never grow old.
Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.