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Quote by John Kenneth Galbraith

“Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be done; for reasons of inertia, pecuniary interest, passion or ignorance, we do not wish to say so.”

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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“World War II revealed two of the enduring features of the Keynesian Revolution. One was the moral difference between spending for welfare and spending for war. During the Depression very modest outlays for the unemployed seemed socially debilitating, economically unsound. Now expenditures many times greater for weapons and soldiers were perfectly safe. It's a difference that still persists.”

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Helping Success Inspiring Business Technology Achieve Information Internet Capitalism Direct Contact Providing Sellers Computing Buyers Friction Internet Business

Author:Bill Gates

“The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.”

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Author:Ludwig von Mises

“The characteristic feature of capitalism that distinguishes it from pre-capitalist methods of production was its new principle of marketing. Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.”

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Author:Ludwig von Mises

“Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.”

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Book:Bureaucracy

Source: Bureaucracy

“Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small élite.”

Source: Anti-Capitalistic Mentality, The

“The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.”

Men Social Capitalism Workers Household Earning Fractions

Author:Ludwig von Mises

“Many pioneers of these industrial changes, it is true, became rich. But they acquired their wealth by supplying the public with motor cars, airplanes, radio sets, refrigerators, moving and talking pictures, and variety of less spectacular but no less useful innovations. These new products were certainly not an achievement of offices and bureaucrats.”

Source: Omnipotent Government: The Rise of the Total State and Total War

“The development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.”

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“There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.”

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Book:Economic Policy: Thoughts for Today and Tomorrow

Source: Economic Policy: Thoughts for Today and Tomorrow