John Kenneth Galbraith Quotes

Enjoy the top 371 famous quotes, sayings and quotations by John Kenneth Galbraith.

John Kenneth Galbraith Quotes

I react to what is necessary. I would like to eschew any formula.
— John Kenneth Galbraith —

A person buying ordinary products in a supermarket is in touch with his deepest emotions.

— John Kenneth Galbraith

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

— John Kenneth Galbraith

There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.

— John Kenneth Galbraith

Economics is not an exact science.

— John Kenneth Galbraith

Much discussion of money involves a heavy overlay of priestly incantation.

— John Kenneth Galbraith

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

— John Kenneth Galbraith

Truth has anciently been called the first casualty of war. Money may, in fact, have priority.

— John Kenneth Galbraith

Power is as power does.

— John Kenneth Galbraith

However, it is safe to say that at the peak in 1929 the number of active speculators was less - and probably was much less - than a million.

— John Kenneth Galbraith

Increasingly in recent times we have come first to identify the remedy that is most agreeable, most convenient, most in accord with major pecuniary or political interest, the one that reflects our available faculty for action; then we move from the remedy so available or desired back to a cause to which that remedy is relevant.

— John Kenneth Galbraith

The spirit should never grow old.

— John Kenneth Galbraith

Money is what fueled the industrial society. But in the informational society, the fuel, the power, is knowledge. One has now come to see a new class structure divided by those who have information and those who must function out of ignorance. This new class has its power not from money, not from land, but from knowledge.

— John Kenneth Galbraith

Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

— John Kenneth Galbraith

Foreign policy is conducted for the convenience and enjoyment of people in Washington.

— John Kenneth Galbraith

Get the process of negotiation away from the small specialized group that some people have called the "nuclear theologians" ... Only a few people can understand the nature of these weapons ... This kept the whole discussion to a very limited group of people who, in a way, had assumed responsibility for saying whether we should live or die.

— John Kenneth Galbraith

Agreeable as it is to know where one is proceeding, it is far more important to know where one has arrived.

— John Kenneth Galbraith

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