“Even in such a time of madness as the late twenties, a great many man in Wall Street remained quite sane. But they also remained very quiet. The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil. Perhaps this is inherent. In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it. So the wise in Wall Street are nearly always silent. The foolish thus have the field to themselves. None rebukes them.”
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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