Quotessence
Home / Authors / John Kenneth Galbraith
John Kenneth Galbraith

John Kenneth Galbraith Quotes

Economist

Filter quotes by topic

AllEconomyMenPeopleEconomicsEconomicIfsPoliticsWorldPoliticalCapitalismShouldInvestingStatesGovernmentPoorHas BeensEconomistModernProblemImportant

Famous John Kenneth Galbraith Quotes

“Broadly speaking, Keynesianism means that the government has a specific responsibility for the behavior of the economy, that it doesn't work on its own autonomous course, but the government, when there's a recession, compensates by employment, by expansion of purchasing power, and in boom times corrects by being a restraining force. But it controls the great flow of demand into the economy, what since Keynesian times has been the flow of aggregate demand. That was the basic idea of Keynes so far as one can put it in a couple of sentences.”

MeanHas BeensIdeasGovernmentCoursesForceResponsibilityEconomyCoupleDemandBehaviorEconomicsFlowSentencesEmploymentExpansionRecessionsAutonomousPurchasingRestrainingKeynesPurchasing PowerKeynesianism
Author:John Kenneth Galbraith
Create image

“Over the span of man's history, although a phenomenal amount of education, persuasion, indoctrination and incantation have been devoted to the effort, ordinary people have never been quite persuaded that toil is as agreeable as its alternatives. Thus to take increased well-being partly in the form of more goods and partly in the form of more leisure is unquestionably rational.”

PeopleMenWellsHas BeensFormEffortAmountOrdinaryRationalAlternativesWell BeingGoodsLeisureDevotedToilPersuasionOrdinary PeoplePhenomenalIndoctrination
Book:The affluent society
Create image