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
Were it part of our everyday education and comment that the corporation is an instrument for the exercise of power, that it belongs to the process by which we are governed, there would then be debate on how that power is used and how it might be made subordinate to the public will and need. This debate is avoided by propagating the myth that the power does not exist.
There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .
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.
In the choice between changing one's mind and proving there's no need to do so, most people get busy on the proof.
A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the needs of the industrial system.
Very important functions can be performed very wastefully and often are.
Only in very recent times has the average man been a source of savings.
In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
It is not the individual's right to buy that is being protected. Rather, it is the seller's right to manage the individual.
THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have duly seen, by extensively replacing the market with planning.
Educators have yet to realize how deeply the industrial system is dependent upon them.