Top 10 Quotes by John Kenneth Galbraith

John Kenneth Galbraith

It is the good fortune of the affluent country that the opportunity cost of economic discussion is low and hence it can afford all kinds.

John Kenneth Galbraith
The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated.
John Kenneth Galbraith

Ideas may be superior to vested interest. They are also very often the children of vested interest.

John Kenneth Galbraith
Writing is a long and lonesome business; back of the problems in thought and composition hover always the awful questions: Is this the page that shows the empty shell? Is it here and now that they find me out?
John Kenneth Galbraith

The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.

John Kenneth Galbraith
SOME YEARS, like some poets,and politicians and some lovely women, are singled out for fame far beyond the common lot, and 1929 was clearly such a year.
John Kenneth Galbraith

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.

John Kenneth Galbraith
Under capitalism, man exploits man. Under communism, it's just the opposite.
John Kenneth Galbraith

It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.

John Kenneth Galbraith
Perhaps never before or since have so many people taken the measure of economic prospects and found them so favorable as in the two days following the Thursday [24th October 1929] disaster.