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

A Journey Through Economic Time (1994)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immuta…" by John Kenneth Galbraith?
John Kenneth Galbraith photo
John Kenneth Galbraith 207
American economist and diplomat 1908–2006

Related quotes

C. Wright Mills photo
Ilham Aliyev photo

“Our economy is very stable and we managed to develop even in the years of economic crisis. We managed to triple our GDP in less than 10 years”

Ilham Aliyev (1961) 4th President of Azerbaijan from 2003

CNN TV interview during World Economic Forum at Davos (23 January 2013) http://edition.cnn.com/2013/01/23/business/aliyev-rosneft-quest-davos/
Internal politics

Larry Niven photo

“10) Anarchy is the least stable of social structures.”

Larry Niven (1938) American writer

Niven's Laws

“We can see good economic policies in the context of a consistent analysis of the economy.”

Peter Temin (1937) American economist

Why Keynes is Important Today (2014)

John D. Rockefeller, Jr. photo
Fyodor Dostoyevsky photo

“It is not as a child that I believe and confess Jesus Christ. My hosanna is born of a furnace of doubt.”

Fyodor Dostoyevsky (1821–1881) Russian author

As quoted in Kierkegaard, the Melancholy Dane (1950) by Harold Victor Martin.
Variant translation:
I believe in Christ and confess him not like some child; my hosanna has passed through an enormous furnace of doubt.
Last Notebook (1880–1881), Literaturnoe nasledstvo, 83: 696; as quoted in Kenneth Lantz, The Dostoevsky Encyclopedia (2004), p. 21, hdn ISBN 0-313-30384-3

Jean-Baptiste Say photo

“Some writers maintain arithmetic to be only the only sure guide in political economy; for my part, I see so many detestable systems built upon arithmetical statements, that I am rather inclined to regard that science as the instrument of national calamity.”

Jean-Baptiste Say (1767–1832) French economist and businessman

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter XVII, Section III, p. 188

N. Gregory Mankiw photo

Related topics