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Quote by John Kenneth Galbraith

“For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.”

Quote by John Kenneth Galbraith

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John Kenneth Galbraith

John Kenneth Galbraith was a renowned economist known for his research on economic cycles, market structures, and government policies. His works have had a profound impact on economic theory and policy practice. more

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“A [New Yorker ] is what it has always been. It combines those who pursue the truth with those who pursue the rewards of orthodoxy and those who pursue what is comfortable to the rich.”

Rich Comfortable Rewards Pursue Orthodoxy New Yorkers

Author:John Kenneth Galbraith

“The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.”

Should Years Mind Has Beens Doubt Hundred Capitalism Including No Doubt Episodes Instability

Author:John Kenneth Galbraith

“The oldest [John Kenneth] Galbraith rule is that when you hear that a new era has dawned, you should take cover.”

Should Eras New Era Kenneth

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“We have a swarm of people in the stock market - not out of knowledge, not out of expectation, but out of basically a gambling instinct, the hope that prices will go up.”

People Expectations Instinct Gambling Swarms

Author:John Kenneth Galbraith

“A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.”

Government Courses Levels Economy Too Much Influence Effects Policy Mass Innovation Rate Including Complicated Spending Consumers Inflation Borrowing Government Policy

Author:John Kenneth Galbraith

“There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.”

Giving Simple Answers Mines Depends Perception Enormous Impression Our Time Performers Reserves Marvelous Acquaintance Thrust Federal Reserve

Author:John Kenneth Galbraith

“I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.”

Accepting Wise Conflict Trade Complexes Alternatives Tension Colleagues

Author:John Kenneth Galbraith

“I talked about the consolidation of power in the hands of the corporate bureaucracy, as distinct from the stockholders. To this view, I still strongly adhere.”

Stills Hands Views Corporate Bureaucracy Consolidation

Author:John Kenneth Galbraith

“The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.”

Stills Term Corporate Bureaucracy

Author:John Kenneth Galbraith

“We're all subject to the daily pressures of consumer persuasion.”

Subjects Pressure Consumers Persuasion

Author:John Kenneth Galbraith