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Quote by John Kenneth Galbraith

“Foresight is an imperfect thing - all prevision in economics is imperfect.”

Book:Money: Whence It Came, Where It Went

Work

This book delves into the origins and evolution of monetary systems, examining how money has shaped societies and influenced economic activities throughout history. more

Author

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

“When you see reference to a new paradigm you should always, under all circumstances, take cover. Because ever since the great tulipmania in 1637, speculation has always been covered by a new paradigm. There was never a paradigm so new and so wonderful as the one that covered John Law and the South Sea Bubble - until the day of disaster.”

Should Law Wonderful Sea Circumstances South Disaster Covered Bubbles Speculation Paradigm

Author:John Kenneth Galbraith

“One man's consumption becomes his neighbor's wish.”

Men Wish Neighbor One Man Consumption

Book:The affluent society

Source: The affluent society

“The masters thought they were loved until one day one of their favorites farted loudly while serving dinner and the next day was gone. The very first manifestation of the classless society is the disappearance of the servant class.”

Firsts Next Class Gone Masters One Day Dinner Servant Manifestation Serving Next Day Disappearance Classless Society

Author:John Kenneth Galbraith

“People who think of themselves as tough-minded and realistic, among them influential political leaders and businessmen as well as go-getters and hustlers of smaller caliber, tend to take it for granted that human nature is selfish and that life is a struggle in which only the fittest may survive. According to this philosophy, the basic law by which man must live, in spite of his surface veneer of civilization, is the law of the jungle. The "fittest" are those who can bring to the struggle superior force, superior cunning, and superior ruthlessness.”