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

John Kenneth Galbraith
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More Quotes By John Kenneth Galbraith
  1. Wisdom, itself, is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.

  2. Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is not enough to explain. The images that are in the mind of the writer must be made to reappear in...

  3. 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...

  4. One of the greatest pieces of economic wisdom is to know what you do not know.

  5. I am worried about our tendency to over invest in things and under invest in people.

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