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Quote by John Kenneth Galbraith

“The shortcomings of economics are not original error but uncorrected obsolescence. The obsolescence has occurred because what is convenient has become sacrosanct. Anyone who attacks such ideas must seem to be a trifle self-confident and even aggressive. The man who makes his entry by leaning against an infirm door gets an unjustified reputation for violence. Something is to be attributed to the poor state of the door.”

Quote by John Kenneth Galbraith

Book:The affluent society
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The affluent society

Written by economist John Kenneth Galbraith, this book delves into the economic and social implications of affluence, analyzing the shift from scarcity to abundance in post-war America. It examines the role of government in managing wealth distribution and the impact of consumerism on societal values. more

Author

John Kenneth Galbraith
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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