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John Kenneth Galbraith Quotes

John Kenneth Galbraith quotes

American Economist October 15, 1908 – April 29, 2006

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John Kenneth Galbraith quote: "There's a certain part of the contented majority who love..."
There's a certain part of the contented majority who love anybody who is worth a billion dollars. John Kenneth Galbraith
Financial capacity and political perspicacity are inversely correlated. Long-run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with Communism, lies the threat to Capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound. John Kenneth Galbraith
In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong. John Kenneth Galbraith
John Kenneth Galbraith quote: "People who are in a fortunate position always attribute virtue..."
People who are in a fortunate position always attribute virtue to what makes them so happy. John Kenneth Galbraith
None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter good economists who are difficult writers even though some of the best have been very good writers. He should know, moreover, that at least for a few great men ambiguity of expression has been a positive asset. But with these exceptions he may safely conclude that what is wholly mysterious in economics is not likely to be important. John Kenneth Galbraith
John Kenneth Galbraith quote: "In economics, hope and faith coexist with great scientific..."
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability. John Kenneth Galbraith
All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership. John Kenneth Galbraith
That economics has a considerable conceptual apparatus with an appropriate terminology can not be a serious ground for complaint. Economic phenomena, ideas, instruments of analysis exist. They require names. Education in economics is, in considerable measure, an introduction to this terminology and to the ideas that it denotes. Anyone who has difficulties with the ideas should complete his education or, following an exceedingly well-beaten path, leave the subject alone. It is sometimes said... John Kenneth Galbraith
John Kenneth Galbraith quote: "There is certainly no absolute standard of beauty. That..."
There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting. John Kenneth Galbraith
John Kenneth Galbraith quote: "Nothing is so admirable in politics as a short memory."
Nothing is so admirable in politics as a short memory. John Kenneth Galbraith
John Kenneth Galbraith quote: "In the choice between changing ones mind and proving there's..."
In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof. John Kenneth Galbraith
John Kenneth Galbraith quote: "All successful revolutions are the kicking in of a rotten door."
All successful revolutions are the kicking in of a rotten door. John Kenneth Galbraith
John Kenneth Galbraith quote: "Faced with the choice between changing one’s mind and proving..."
Faced with the choice between changing one’s mind and proving there is no need to do so, most people get busy on the proof. John Kenneth Galbraith
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. John Kenneth Galbraith
The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself. John Kenneth Galbraith

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