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

“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.”

MenPhilosophyCharacterPoliticalPoliticsMoralVirtueModernHonestyIgnorancePoliticianMoralityExerciseIntegrityClimate ChangeConservativeSelfishSuperiorsSelfishnessEngagedLiberalismJustificationConservatismMoral PhilosophySelf JustificationAnti ConservativeModern PhilosophyModern PoliticsConservative Political
Author:John Kenneth Galbraith
Create image

“The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.”

MenNeedsRealScienceTechnologyModernGeniusOrdinaryPerformancesOrganizationScientistAccomplishmentAppropriatePredictableScience And TechnologyModern ScienceOrdinary ManArrangingInforming
Author:John Kenneth Galbraith
Create image

“It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium.”

MenWellsFoundLeftEconomyFailingEconomicModernSeriousNormalCapitalismPlantTendenciesEmploymentTemporaryCapitalistContinuingIdleUnemploymentEconomistEquilibriumEconomic SystemsAberrationKeynesPerfectly NormalUnderemployment
Book:The Essential Galbraith
Create image

“No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not involve some control of income and prices. Otherwise the struggle for more consumption and more income to sustain it-a struggle that modern corporations, modern unions and modern democracy all facilitate and encourage-will drive up prices. Only heavy unemployment will then temper this upward thrust. Not many wish to confront the truth that the modern economy gives a choice only between inflation, unemployment, or controls.”

WayGivingDoeChoicesWishStruggleEconomyDemocracyModernPoliticianCapitalismPraiseUnionsHeavyIncomeEmploymentCorporationsTemperStableConsumptionUnemploymentInflationThrustFacilitateCombining
Author:John Kenneth Galbraith
Create image

“Any consideration of the life and larger social existence of the modern corporate man begins and also largely ends with the effect of one all-embracing force. That is organization - the highly structured assemblage of men, and now some women, of which he is a part. It is to this, at the expense of family, friends, sex, recreation and sometimes health and effective control of alcoholic intake, that he is expected to devote his energies.”

MenEndsSometimesEnergyForceSocialSexExistenceModernEffectsOrganizationExpectedCorporateConsiderationExpensesAlcoholicsRecreationFamily FriendsAssemblageSocial Organization
Author:John Kenneth Galbraith
Create image