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
Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.
Economics exists to make astrology look respectable.
A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in any way a new phenomenon.
Genius is a rising stock market.
There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
The enemy of the conventional wisdom is not ideas but the march of events.
The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.
It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
In economics, the majority is always wrong.
The process by which banks create money is so simple that the mind is repelled.
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.