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Quote by John Kenneth Galbraith

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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

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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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“Precedents are treated by powerful minds as fetters with which to bind down the weak, as reasons with which to mistify the moderately informed, and as reeds which they themselves fearlessly break through whenever new combinations and difficult emergencies demand their highest efforts.”

“The influence of electricity in producing decompositions, although of inestimable value as an instrument of discovery in chemical inquiries, can hardly be said to have been applied to the practical purposes of life, until the same powerful genius [Davy] which detected the principle, applied it, by a singular felicity of reasoning, to arrest the corrosion of the copper-sheathing of vessels. ... this was regarded as by Laplace as the greatest of Sir Humphry's discoveries.”

“The most noble and profitable invention of all other, was that of SPEECH, consisting of Names or Appellations, and their Connexion; whereby men register their Thoughts; recall them when they are past; and also declare them one to another for mutuall utility and conversation; without which, there had been amongst men, neither Commonwealth, nor Society, nor Contract, nor Peace, no more than amongst Lyons, Bears, and Wolves.”

“Those who understand the steam engine and the electric telegraph spend their lives in trying to replace them with something better.”