The only function of economic forecasting is to make astrology look respectable.

Quote by John Kenneth Galbraith

Topics: John Kenneth Galbraith Quotes

We have escapist fiction, so why not escapist biography?

We have escapist fiction, so why not escapist biography?

A bad book is the worse that it cannot repent. It has not been the...

A bad book is the worse that it cannot repent. It has not been the...

The Metropolis should have been aborted long before it became New York, London or Tokyo.

The Metropolis should have been aborted long before it became New York, London or Tokyo.

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.

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...

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...

It is a commonplace of modern technology that problems have solutions before there is knowledge...

It is a commonplace of modern technology that problems have solutions before there is knowledge...

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is...

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is...

If it is dangerous to suppose that government is always right, it will sooner or...

If it is dangerous to suppose that government is always right, it will sooner or...

Economics is extremely useful as a form of employment for economists.

Economics is extremely useful as a form of employment for economists.

Money differs from an automobile or mistress in being equally important to those who have...

Money differs from an automobile or mistress in being equally important to those who have...

There's a certain part of the contented majority who love anybody who is worth a...

There's a certain part of the contented majority who love anybody who is worth a...

All successful revolutions are the kicking in of a rotten door.

All successful revolutions are the kicking in of a rotten door.

Power is not something that can be assumed or discarded at will like underwear.

Power is not something that can be assumed or discarded at will like underwear.

Liberalism is, I think, resurgent. One reason is that more and more people are so...

Liberalism is, I think, resurgent. One reason is that more and more people are so...

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

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

In any great organization it is far, far safer to be wrong with the majority...

In any great organization it is far, far safer to be wrong with the majority...

Of all classes the rich are the most noticed and the least studied.

Of all classes the rich are the most noticed and the least studied.

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

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