“I can't resist telling you that when the Vienna Economics Institute celebrated its centennial, many years ago, they invited, as their keynote speaker, my father [John Kenneth Galbraith]. The leading economists of the Austrian school- including von Hayek and von Haberler - returned for the occasion. And so my father took a moment to reflect on the economic triumphs of the Austrian Republic since the war, which, he said, "would not have been possible without the contribution of these men." They nodded - briefly - until it dawned on them what he meant. They'd all left the country in the 1930s.”
Quote by James K. Galbraith
Author
James K. Galbraith
James K. Galbraith is a renowned economist known for his research on macroeconomic policy, taxation, and fiscal issues. He has had a significant impact in the field of economics, particularly in the areas of tax policy, income distribution, and economic growth. more
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