John Kenneth Galbraith Quotes

1908-, American Economist
quotes
52
topics
12
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“We all agree that pessimism is a mark of superior intellect.”
Pessimism
“Meetings are indispensable when you don't want to do anything.”
Meetings
“More die in the United States of too much food than of too little.”
VerifiedThe Affluent Society (1958), Chapter 9, Section II, p. 103 · evidenceFood and Eating
“Of all classes the rich are the most noticed and the least studied.”
VerifiedThe Age of Uncertainty (1977), Chapter 2, p. 44 · evidenceRiches
“There are times in politics when you must be on the right side and lose.”
Politicians and Politics
“The enemy of the conventional wisdom is not ideas but the march of events.”
VerifiedThe Affluent Society (1958), Chapter 2, Section IV, p. 21 · evidenceEvents
“One of the greatest pieces of economic wisdom is to know what you do not know.”
Wisdom
“In the United States, though power corrupts, the expectation of power paralyzes.”
VerifiedThe United States (1971) · evidencePower
“There is something wonderful in seeing a wrong-headed majority assailed by truth.”
VerifiedThe Guardian [UK] (28 July 1989) · evidenceMajority
“The Metropolis should have been aborted long before it became New York, London or Tokyo.”
VerifiedThe Age of Uncertainty (1977), Chapter 11, p. 323 · evidenceCities and City Life
“Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.”
Wealth
“People who are in a fortunate position always attribute virtue to what makes them so happy.”
VerifiedThe Guardian [UK] (23 May 1992) · evidenceVirtue
“There's a certain part of the contented majority who love anybody who is worth a billion dollars.”
VerifiedThe Guardian [UK] (23 May 1992) · evidenceTycoons
“In any great organization it is far, far safer to be wrong with the majority than to be right alone.”
VerifiedThe Guardian [UK] (28 July 1989) · evidenceInstitutions
“The conspicuously wealthy turn up urging the character building values of the privation of the poor.”
Wealth
“By all but the pathologically romantic, it is now recognized that this is not the age of the small man.”
VerifiedThe New Industrial State (1967), Chapter III, Section 5, p. 32 · evidenceTwentieth Century
“There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.”
VerifiedThe New York Times Magazine (9 October 1960) · evidenceBeauty
“Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.”
VerifiedLetter to John F. Kennedy (2 March 1962), printed in Galbraith's Ambassador's Journal (1969) · evidencePoliticians and Politics
“In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.”
VerifiedThe New York Times Magazine (7 June 1970) · evidenceEconomy and Economics
“It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.”
VerifiedThe Affluent Society (1958), Chapter 11, Section IV, p. 130 · evidenceNonsense
“In the choice between changing one's mind and proving there's no need to do so, most people get busy on the proof.”
Choice
“Money differs from an automobile or mistress in being equally important to those who have it and those who do not.”
Money
“It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.”
Government
“Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.”
VerifiedThe Affluent Society (1958), Chapter 1, Section I, p. 13 · evidenceWealth
“All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.”
VerifiedThe Age of Uncertainty (1977), Chapter 3, "The Massive Dissent of Karl Marx" p. 96 · evidenceRevolutions and Revolutionaries
“Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.”
VerifiedThe Age of Uncertainty (1977), Chapter 7, p. 211 · evidenceRecession
“Man, at least when educated, is a pessimist. He believes it safer not to reflect on his achievements; Jove is known to strike such people down.”
VerifiedThe Age of Uncertainty (1977), Chapter 12, p. 324 · evidencePessimism
“The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.”
VerifiedA History of Economics (1991), ch. 21 · evidenceFree Enterprise