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John Kenneth Galbraith Quotes


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.

The Metropolis should have been aborted long before it became New York, London or Tokyo.

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.

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

The process by which banks create money is so simple that the mind is repelled.

The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.

There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished.

There are times in politics when you must be on the right side and lose.

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.

There is something wonderful in seeing a wrong-headed majority assailed by truth.

There's a certain part of the contented majority who love anybody who is worth a billion dollars.

Total physical and mental inertia are highly agreeable, much more so than we allow ourselves to imagine. A beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt. It is now the only place in our overly active world that does.

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

War remains the decisive human failure.

We all agree that pessimism is a mark of superior intellect.

We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.

We have escapist fiction, so why not escapist biography?

Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.