14 Quotes & Sayings By J K Galbraith

J. K. Galbraith was born in Canada and received his Ph.D. from Harvard in 1949 Read more

He is a world-renowned economic historian whose writing has been described as "explosive," "searing," and "scathing." He was also awarded the Nobel Memorial Prize in Economic Science in 2002 for his contributions to the study of economic history and process, especially the role of institutions in economic development, and to institutional analysis and development theory. He is the author of several other books, including The Great Crash 1929 and Economics: A New View for Our Times.

1
Few people at the beginning of the nineteenth century needed an adman to tell them what they wanted. J. K. Galbraith
2
Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations. J. K. Galbraith
3
I was brought up in southwestern Ontario where we were taught that Canadian patriotism should not withstand anything more than a five-dollar-a-month wage differential. Anything more than that and you went to Detroit. J. K. Galbraith
4
People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. J. K. Galbraith
5
In economics the majority is always wrong. J. K. Galbraith
6
In all modern depressions recessions or growth-correction as variously they are called we never miss the goods that are not produced. We miss only the opportunities for the labour - for the jobs - that are not provided. J. K. Galbraith
7
More die in the United States of too much food than of too little. J. K. Galbraith
8
No intelligence system can predict what a government will do if it doesn't know itself. J. K. Galbraith
9
Humour is richly rewarding to the person who employs it. It has some value in gaining and holding attention. But it has no persuasive value at all. J. K. Galbraith
10
If a man didn't make sense the Scotch felt it was misplaced politeness to try to keep him from knowing it. Better that he be aware of his reputation for this would encourage reticence which goes well with stupidity. J. K. Galbraith
11
The conspicuously wealthy turn up urging the character-building value of privation for the poor. J. K. Galbraith
12
Technology means the systematic application of scientific or other organized knowledge to practical tasks. J. K. Galbraith
13
The more underdeveloped the country the more overdeveloped the women. J. K. Galbraith