John Kenneth Galbraith Quotes & Quotations

John Kenneth Galbraith Quotes

» In economics the majority is always wrong.

» In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

» In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.

» The Metropolis should have been aborted long before it became New York, London or Tokyo.

» The enemy of the conventional wisdom is not ideas but the march of events.

» An important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality. Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.

» The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.

» There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.

» In the choice between changing one's mind and proving there's no need to do so, most people get busy on the proof.

» The traveler to the United States will do well to prepare himself for the class-consciousness of the natives. This differs from the already familiar English version in being more extreme and based more firmly on the conviction that the class to which the speaker belongs is inherently superior to all others.

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