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Quote by John Kenneth Galbraith

“The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.”

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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

“The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.”

People Ifs Should Years Done Might Answers Knowing Assuming Lawyer Not Knowing Economist Great Depression Superb

Author:John Kenneth Galbraith

“From the spring of 1941, I controlled all prices in the United States. You could lower a price without my permission, but you couldn't raise a price without my permission or that of my staff.”

States United United States Spring Raises Controlled Permission Staff

Author:John Kenneth Galbraith

“We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.”

Ifs Enough Use Lying Turns Poor Virtue Rich College Enormous Professors Leisure Leisure Time College Professors

Author:John Kenneth Galbraith

“I think without a doubt, that what is called "financial genius" is merely a rising market.”

Thinking Doubt Genius Financial Rising

Author:John Kenneth Galbraith

Quote by John Kenneth Galbraith

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