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Quote by John Kenneth Galbraith

“The oldest [John Kenneth] Galbraith rule is that when you hear that a new era has dawned, you should take cover.”

Quote by John Kenneth Galbraith

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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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“We have a swarm of people in the stock market - not out of knowledge, not out of expectation, but out of basically a gambling instinct, the hope that prices will go up.”

People Expectations Instinct Gambling Swarms

Author:John Kenneth Galbraith

“A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.”

Government Courses Levels Economy Too Much Influence Effects Policy Mass Innovation Rate Including Complicated Spending Consumers Inflation Borrowing Government Policy

Author:John Kenneth Galbraith

“There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.”

Giving Simple Answers Mines Depends Perception Enormous Impression Our Time Performers Reserves Marvelous Acquaintance Thrust Federal Reserve

Author:John Kenneth Galbraith

“I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.”

Accepting Wise Conflict Trade Complexes Alternatives Tension Colleagues

Author:John Kenneth Galbraith

“I talked about the consolidation of power in the hands of the corporate bureaucracy, as distinct from the stockholders. To this view, I still strongly adhere.”

Stills Hands Views Corporate Bureaucracy Consolidation

Author:John Kenneth Galbraith

“The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.”

Stills Term Corporate Bureaucracy

Author:John Kenneth Galbraith

“We're all subject to the daily pressures of consumer persuasion.”

Subjects Pressure Consumers Persuasion

Author:John Kenneth Galbraith

“The notion that you would initiate a new product without preparing the way by persuasion and advertising and salesmanship is fantastic. It's an integral part of the system.”

Way Products Notion Advertising Fantastic Preparing Persuasion Initiate Salesmanship New Products

Author:John Kenneth Galbraith

“There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater. What do we worry about? We worry about our schools. We worry about our public recreational facilities. We worry about our law enforcement and our public housing. All of the things that bear upon our standard of living are in the public sector.”

School Law Worry Greater Bears Standards Lifetime Contrast Law Enforcement Enforcement Housing Facility Standards Of Living Affluence Public Sector Squalor Public Housing

Author:John Kenneth Galbraith

“I've been a faithful reader of the great classical documents of economics, or tried to be.”

Reader Economics Faithful Documents

Author:John Kenneth Galbraith