John Kenneth Galbraith Quotes

American - Economist | October 15, 1908 - April 29, 2006

Economics is extremely useful as a form of employment for economists.

John Kenneth Galbraith

WorkEconomicsEconomistsEmployment

Under capitalism, man exploits man. Under communism, it's just the opposite.

John Kenneth Galbraith

ManFinanceCommunismCapitalism

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

PoliticsManSearchPhilosophyMoral

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.

John Kenneth Galbraith

ThoughtBetterAnchorNonsenseOut

In the United States, though power corrupts, the expectation of power paralyzes.

John Kenneth Galbraith

PowerPower CorruptsExpectation

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

John Kenneth Galbraith

EmotionsPersonTouchDeepestBuying

The only function of economic forecasting is to make astrology look respectable.

John Kenneth Galbraith

LookEconomicFunctionAstrology

Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.

John Kenneth Galbraith

GreatYourselfPeopleThinkMeetings

In economics, the majority is always wrong.

John Kenneth Galbraith

EconomicsWrongAlwaysMajority

Politics is the art of choosing between the disastrous and the unpalatable.

John Kenneth Galbraith

ArtPoliticsBetweenChoosing

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

John Kenneth Galbraith

FaithHopeGreatEconomicsDeep

Much literary criticism comes from people for whom extreme specialization is a cover for either grave cerebral inadequacy or terminal laziness, the latter being a much cherished aspect of academic freedom.

John Kenneth Galbraith

FreedomPeopleCriticismLaziness

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