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
Educators have yet to realize how deeply the industrial system is dependent upon them.
We live surrounded by a systematic appeal to a dream world which all mature, scientific reality would reject. We, quite literally, advertise our commitment to immaturity, mendacity and profound gullibility. It is as the hallmark of the culture. And it is justified as being economically indispensable.
The threat to men of great dignity, privilege and pretense is not from the radicals they revile; it is from accepting their own myth. Exposure to reality remains the nemesis of the great -- a little understood thing.
And there was a deeper, less visible effect of the Truman loyalty program. Seeing its consequences for certain individuals and fearing its intrusion on their own lives, many in the government sought protection by strongly asserting their anti-Communism. In the public action that ensued, policy was based not on reality but, instinctively or deliberately, on personal caution...Those who urged a militant and sometimes military anti-Communism were considered sound, trustworthy and personally safe; those who questioned such a course were politically unsafe, possible even slightly disloyal.
Those who had been riding the upward wave decide now is the time to get out. Those who thought the increase would be forever find their illusion destroyed abruptly, and they, also, respond to the newly revealed reality by selling or trying to sell. And thus the rule, supported by the experience of centuries: the speculative episode always ends not with a whimper but with a bang.
The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.
Talk of revolution is one of avoiding reality.
One of my greatest pleasures in my writing has come from the thought that perhaps my work might annoy someone of comfortably pretentious position. Then comes the realization that such people rarely read.
Wisdom... is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.
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.