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JOHN KENNETH GALBRAITH
American economist, diplomat and author
(1908 - 2006)
  CHECK READING LIST (1)  

Economics is extremely useful as a form of employment for economists.
      - [Economics]

If all else fails, immortality can always be assured by spectacular error.
      - [Error]

If it is dangerous to suppose that government is always right, it will sooner or later be awkward for public administration if most people suppose that it is always wrong.
      - [Government]

In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
      - [Comfort]

In economics, the majority is always wrong.
      - [Economics]

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
      - [Inflation]

It is a commonplace of modern technology that problems have solutions before there is knowledge of how they are to be solved.
      - [Technology]

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
      - [Thought]

Meetings are indispensable when you don't want to do anything.
      - [Committees]

Nothing is so admirable in politics as a short memory.
      - [Politics]

One can relish the varied idiocy of human action during a panic to the full, for, while it is a time of great tragedy, nothing is being lost but money.
      - [Depression]

People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
      - [Risk]

Production only fills a void that it has itself created.
      - [Production]

The modern conservative is engaged in one of man's oldest exercises in moral philosophy, that is the search for a superior moral justification for selfishness.
      - [Conservatives]

The only function of economic forecasting is to make astrology look respectable.
      - [Economics]

Wealth is not without its advantages, and the case to the contrary, although it has often been made, has never proved widely persuasive.
      - [Wealth]

What is called a high standard of living consists, in considerable measure, in arrangements for avoiding muscular energy, for increasing sensual pleasure and enhancing caloric intake above any conceivable nutritional requirement.
      - [Success]

When people are the least sure, they are often the most dogmatic.
      - [Dogmatism]


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