John Kenneth Galbraith: Trending quotes

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John Kenneth Galbraith: 414 quotes1 like

“No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousandshares ofGeneral Motors or General Electric.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter XXXV, Section 3, p. 394

“Moreover, regulatory bodies, like the people who comprise them, have a marked life cycle. In youth they are vigorous, aggressive, evangelistic, and even intolerant. Later they mellow, and in old age — after a matter of ten or fifteen years — they become, with some exceptions, either an arm of the industry they are regulating or senile.”

John Kenneth Galbraith book The Great Crash, 1929

Chapter VIII https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929, Aftermath II, Section VI, p 165 <br class="br">The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929)

“It's a rule worth having in mind. Income almost always flows along the same axis as power but in the opposite direction.”

John Kenneth Galbraith

Source: The Age of Uncertainty (1977), Chapter 1, p. 13

“There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.”

John Kenneth Galbraith

Source: Money: Whence It Came, Where It Went (1975), Chapter XIV, When The Money Stopped, p. 183-184.

“The study of money, above all other fields in economics, is the one in which complexity is used to disguise truth or to evade truth, not to reveal it.”

John Kenneth Galbraith

Source: Money: Whence It Came, Where It Went (1975), Chapter I, Money, p. 5

“But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.”

John Kenneth Galbraith

Source: The Age of Uncertainty (1977), Chapter 12, p. 328

“The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations… But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.”

John Kenneth Galbraith

The Guardian [UK] (23 May 1992)

“The greater the wealth the thicker will be the dirt.”

John Kenneth Galbraith book The Affluent Society

Source: The Affluent Society (1958), Chapter 18, Section II, p. 201

“I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.”

John Kenneth Galbraith

Booknotes interview (1994)

“At best, in such depression times, monetary policy is a feeble reed on which to lean.”

John Kenneth Galbraith book The Great Crash, 1929

Source: The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929), Chapter X, Cause and Consequence, p. 190

“What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.”

John Kenneth Galbraith

Source: Money: Whence It Came, Where It Went (1975), Chapter XVI, The Coming of J.M. Keynes, p. 217

“By all but the pathologically romantic, it is now recognized that this is not the age of the small man.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter III, Section 5, p. 32

“Very important functions can be performed very wastefully and often are.”

John Kenneth Galbraith book The Affluent Society

Source: The Affluent Society (1958), Chapter 17, Section I, p. 190

“It is in the long run that the corporation lives.”

John Kenneth Galbraith book The Affluent Society

Source: The Affluent Society (1958), Chapter 15, Section IV, p. 172

“Writing is a long and lonesome business; back of the problems in thought and composition hover always the awful questions: Is this the page that shows the empty shell? Is it here and now that they find me out?”

John Kenneth Galbraith book The Great Crash, 1929

Introduction, Section I, p. ix <br class="br">The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929)

“American university presidents are a nervous breed; I have never thought well of them as a class.”

John Kenneth Galbraith

Source: The Age of Uncertainty (1977), Chapter 2, p. 60

“In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.”

John Kenneth Galbraith book The Great Crash, 1929

Source: The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929), Chapter I, A Year To Remember, p. 5

“When people put their ballots in the boxes, they are, by that act, inoculated against the feeling that the government is not theirs. They then accept, in some measure, that its errors are their errors, its aberrations their aberrations, that any revolt will be against them. It's a remarkably shrewd and rather conservative arrangement when one thinks of it.”

John Kenneth Galbraith

Source: The Age of Uncertainty (1977), Chapter 12, p. 330

“Truth has anciently been called the first casualty of war. Money may, in fact, have priority.”

John Kenneth Galbraith

Source: Money: Whence It Came, Where It Went (1975), Chapter VIII, The Great Compromise, p. 92

“Ideas may be superior to vested interest. They are also very often the children of vested interest.”

John Kenneth Galbraith

Source: The Age of Uncertainty (1977), Chapter 1, p. 11