American university presidents are a nervous breed; I have never thought well of them as a class. John Kenneth Galbraith More Quotes by John Kenneth Galbraith More Quotes From John Kenneth Galbraith Technology, under all circumstances, leads to planning; in its higher manifestations it may put the problems of planning beyond the reach of the industrial firm. Technological compulsions, and not ideology or political will, will require the firm to seek the help and protection of the state. John Kenneth Galbraith political-willtechnologymay The inborn instability of capitalism has been part of the history of the system for several hundred years. John Kenneth Galbraith capitalismhundredyears 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. John Kenneth Galbraith runningmeanlying I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars. John Kenneth Galbraith oppositeswartwo The miserable consumption of the poor is partly the result of the ostentatious demands of the rich. There isn't enough for both, and the latter get far more than they need...But could anything seriously be done about it? John Kenneth Galbraith demanddoneneeds The huge capacity to purchase submission that goes with any large sum of money, well, this we have. This is a power of which we should all be aware. John Kenneth Galbraith submissioncapacityshould There is something wonderful in seeing a wrong-headed majority assailed by truth. John Kenneth Galbraith majoritypoliticswonderful I think without a doubt, that what is called "financial genius" is merely a rising market. John Kenneth Galbraith geniusdoubtthinking In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress. John Kenneth Galbraith economicmodernprogress I think the role of the Federal Reserve is enormously exaggerated. John Kenneth Galbraith federal-reserverolesthinking We all agree that pessimism is a mark of superior intellect. John Kenneth Galbraith pessimismmarkagreement A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the needs of the industrial system. John Kenneth Galbraith competitionwarcommitment A bad book is the worse that it cannot repent. It has not been the devil's policy to keep the masses of mankind in ignorance; but finding that they will read, he is doing all in his power to poison their books. John Kenneth Galbraith ignorancereadingbook Marx profoundly affected those who did not accept his system. His influence extended to those who least supposed they were subject to it. John Kenneth Galbraith subjectsinfluenceaccepting The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important. John Kenneth Galbraith inquiryimportantmay No hungry man who is also sober can be persuaded to use his last dollar for anything but food. John Kenneth Galbraith dollarsusemen Inventions that are not made, like babies that are not born, are rarely missed. In the absence of new developments, old ones may seem very impressive for quite a long while. John Kenneth Galbraith babysciencelong The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best. John Kenneth Galbraith economicseconomyknows In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see the changes just mentioned and others as an interlocked whole. John Kenneth Galbraith economicsplotfiction In the market economy the price that is offered is counted upon to produce the result that is sought. John Kenneth Galbraith economyproduceresults
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