John Kenneth Galbraith: Trending quotes (page 11)

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“It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.”

John Kenneth Galbraith

A Journey Through Economic Time (1994)

Error

“Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.”

John Kenneth Galbraith

"Recession Economics," New York Review of Books, Volume 29, Number 1 (4 February 1982)

Horse

“If a man be subject to the authority of another, he can at least ask that it not be an occasion for glee.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter XXV, Section 2, p. 293 (1985)

“More generally, the individual who gets added income as a result of a general inflationary movement atributes it not to larger economic causes but to his own virtue and diligence.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter XXII, Section 4, p. 263 (1985)

“Should there be sacrifice, as always in the mature corporation, it is not suffered by those who agree to it.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter XXII, Section 4, p. 262 (1985)

Suffering

“Nothing so effectively economizes effort and intelligence, as distinct from anxiety, as the knowledge that nothing can be done.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter VIII, Section 1, p. 91 (1985)

Intelligence , Knowledge , Effort

“We may lay it down as a rule that the older the exercise of any power, the more benign it will appear, and the more recent its assumption, the more unnatural and even dangerous it will seem.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter V, Section 4, p. 58 (1985)

Appearance , Exercises