“Financial capacity and political perspicacity are inversely correlated. Long-run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with Communism, lies the threat to Capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.”
Quote by John Kenneth Galbraith
Work
The great crash, 1929
This book delves into the causes and consequences of the 1929 stock market crash, providing an in-depth analysis of the economic turmoil that followed. It examines the factors leading up to the crash, the panic that ensued, and the long-term effects on the global economy. 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
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