In economics it is a far, far wiser thing to be right than to be consistent

Quote by John Kenneth Galbraith

Topics: Economics Quotes

When people put their ballots in the boxes, they are, by that act, inoculated against...

When people put their ballots in the boxes, they are, by that act, inoculated against...

There are few ironclad rules of diplomacy but to one there is no exception. When...

There are few ironclad rules of diplomacy but to one there is no exception. When...

In the United States, though power corrupts, the expectation of power paralyzes.

In the United States, though power corrupts, the expectation of power paralyzes.

Where humor is concerned there are no standards - no one can say what is...

Where humor is concerned there are no standards - no one can say what is...

The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.

The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or...

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or...

Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable...

Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable...

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

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

Faced with the choice between changing one's mind and proving that there is no need...

Faced with the choice between changing one's mind and proving that there is no need...

The process by which banks create money is so simple that the mind is repelled.

The process by which banks create money is so simple that the mind is repelled.

It would be foolish to suggest that government is a good custodian of aesthetic goals....

It would be foolish to suggest that government is a good custodian of aesthetic goals....

Few people at the beginning of the nineteenth century needed an adman to tell them...

Few people at the beginning of the nineteenth century needed an adman to tell them...

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit...

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit...

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or...

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or...

Modesty is a vastly overrated virtue.

Modesty is a vastly overrated virtue.

You will find that the State is the kind of organization which, though it does...

You will find that the State is the kind of organization which, though it does...

There is something wonderful in seeing a wrong-headed majority assailed by truth.

There is something wonderful in seeing a wrong-headed majority assailed by truth.

Modesty is a vastly overrated virtue.

Modesty is a vastly overrated virtue.

Much literary criticism comes from people for whom extreme specialization is a cover for either...

Much literary criticism comes from people for whom extreme specialization is a cover for either...

We all agree that pessimism is a mark of superior intellect.

We all agree that pessimism is a mark of superior intellect.