“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)

Adopted from Wikiquote. Last update Feb. 24, 2022. History

Help us to complete the source, original and additional information

Do you have more details about the quote "More generally, the individual who gets added income as a result of a general inflationary movement atributes it not to…" by John Kenneth Galbraith?
John Kenneth Galbraith photo
John Kenneth Galbraith 207
American economist and diplomat 1908–2006

Related quotes

Adolphe Quetelet photo

“It is of primary importance to keep out of view man as he exists in an insulated, separate, or in an individual state, and to regard him only as a fraction of the species. In thus setting aside his individual nature, we get quit of all which is accidental, and the individual peculiarities, which exercise scarcely any influence over the mass, become effaced of their own accord, allowing the observer to seize the general results.”

Adolphe Quetelet (1796–1874) Belgian astronomer, mathematician, statistician and sociologist

Introductory
A Treatise on Man and the Development of His Faculties (1842)

Publius Flavius Vegetius Renatus photo

“A general is not easily overcome who can form a true judgment of his own and the enemy's forces. Valour is superior to numbers. The nature of the ground is often of more consequence than courage. (General Maxims)”
Amplius iuuat uirtus quam multitudo.

Publius Flavius Vegetius Renatus book De re militari

De Re Militari (also Epitoma Rei Militaris), Book III, "Dispositions for Action"

Sandra Fluke photo

“Paycheck discrimination is not the only obstacle preventing women from having the same economic opportunities as men. As our country continues to focus on our economic recovery, leveling the financial playing field for women must be a priority. According to recent predictions, within a generation, more families will be supported by women than men. If these primary breadwinners earn lower incomes, it won't just affect their families, but also consumer spending and our larger financial growth.”

Sandra Fluke (1981) American women's rights activist and lawyer

CNN, (April 17, 2012).
Articles

“If it makes sense to transfer income from rich to poor people within a generation, why shouldn't we transfer income from rich to poor generations?”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 18, Deficit Finance, p. 435

Naomi Klein photo

“As we look back, it seems like willful blindness. The abandonment of the radical economic foundation of the women's and civil-rights movements by the conflation of causes that came to be called political correctness successfully retrained generation of activists in the politics of image, not action.”

Naomi Klein (1970) Canadian author and activist

Source: No Logo: Taking Aim at the Brand Bullies 1999, Chapter Five: "The Patriarchy Gets Funky"

“It's no good trying to get yourself killed, General. The Lord will come for you in His own time.”

Michael Shaara book The Killer Angels

Captain Goree, Part IV, CH 5: Longsteet, p.355
The Killer Angels (1974)

“[Veblenian institutionalism was] part of a much larger movement of dissent, that includes London School Institutionalists, Oxford Antimarginalists and the German Historical School (especially its second generation.”

Kenneth E. Boulding (1910–1993) British-American economist

Kenneth Boulding (1957) "A New Look at Institutionalism". In: The American Economic Review Vol 47, no.2, p. 3 as cited in: Klimina, Anna, (2008) " On misuse of the term “institutionalist” in the analysis of Russian academic economics of the late 19th and early 20th centuries: the case of Michail Tugan-Baranovsky (1865-1919) http://www.accessecon.com/pubs/EB/2008/Volume2/EB-08B10002A.pdf" Economics Bulletin, Vol. 2, No. 2 pp. 2
1950s

Anna J. Cooper photo

“When colored persons have been employed it was too often as machines or as manikins. There has been no disposition, generally, to get the black man's ideal or to let his individuality work by its own gravity.”

Anna J. Cooper (1858–1964) African-American author, educator, speaker and scholar

Source: A Voice from the South by a Black Woman of the South (1892), p. 37

John Kenneth Galbraith photo

“Economic life, as always, is a matrix in which result becomes cause and cause becomes result.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

Source: Money: Whence It Came, Where It Went (1975), Chapter XIV, When The Money Stopped, p. 192

Daniel Levitin photo

“In songbirds, it is generally the male of the species that sings, and for some species, the larger the repertoire, the more likely it is to attract a mate.”

Daniel Levitin (1957) American psychologist

This is Your Brain on Music (2006)

Related topics