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Quote by John Kenneth Galbraith

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Name-Dropping: From FDR On

This book delves into the practice of name-dropping, examining its role in social and political circles. It traces the evolution of this phenomenon from the early 20th century to the present day, offering insights into the dynamics of networking and social climbing in various contexts. 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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“The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device.”

MayProblemCertainSpeakEasyDifficultAbilityLevelsEconomicMastersModelsRelationIncludingIntellectMathematicalDevicesMasteryRequirementsCompetenceIncompetentScreeningAbility To Speak
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“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.”

IfsKnowsMenMeanLongRunningPoliticalLyingCausesSoundTroubleCapitalismCapacitySalvationThreatFinancialCommunismLong RunsConvenienceInactionOrderlyDisturbance
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“And there was a deeper, less visible effect of the Truman loyalty program. Seeing its consequences for certain individuals and fearing its intrusion on their own lives, many in the government sought protection by strongly asserting their anti-Communism. In the public action that ensued, policy was based not on reality but, instinctively or deliberately, on personal caution...Those who urged a militant and sometimes military anti-Communism were considered sound, trustworthy and personally safe; those who questioned such a course were politically unsafe, possible even slightly disloyal.”

SometimesRealityGovernmentActionCertainCoursesIndividualSoundSeeingEffectsMilitaryPolicySafeConsequenceProgramDeeperProtectionLoyaltyCommunismVisibleCautionTrustworthyMilitantIntrusionUnsafeTrumanDisloyalAnti Communism
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“There was no Marshall Plan for Harry Potter, no International Financing Facility for books about underage wizards. It is heartbreaking that global society has evolved a highly efficient way to get entertainment to rich adults and children, while it can't get twelve-cent medicine to dying poor children.”

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“Krys Lee has written a book of unforgettable stories, each one building on the other to create a complex, moving portrait of contemporary Korea and its diaspora. She guides us surely through the fallout of war, immigration, and financial crisis, always alert to the possibility of tenderness, transcendence, and even humor along the way. Lee is a writer who really understands loneliness, but her voice is so appealing, and her perceptions so wise, that we feel all the less lonely for knowing her characters and experiencing their lives.”

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“Plato found fault that the poets of his time filled the world with wrong opinions of the gods, making light tales of that unspotted essence, and therefore would not have the youth depraved with such opinions.”

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