Quotations by John Kenneth Galbraith

Quotations by John Kenneth Galbraith

Economics is extremely useful as a form of employment for economists.

Faced with the choice between changing one’s mind and proving that there is no need to do so, almost everyone gets busy on the proof.

If all else fails, immortality can always be assured by spectacular error.

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled sea of thought.

It is almost as important to know what is not serious as to know what is.

Meetings are indispensable when you don’t want to do anything.

Nothing is so admirable in politics as a short memory.

Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.

The conventional view serves to protect us from the painful job of thinking.

The happiest time of anyone’s life is just after the first divorce.

The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

The only function of economic forecasting is to make astrology look respectable.

Under capitalism, man exploits man. Under communism, it’s just the opposite.

Where humor is concerned there are no standards – no one can say what is good or bad, although you can be sure that everyone will.

You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.


On the Death of John Kenneth Galbraith by Rudolf Hickel, 2006


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