Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.

Quote by John Kenneth Galbraith

Topics: John Kenneth Galbraith Quotes

In economics, hope and faith coexist with great scientific pretension and also a deep desire...

In economics, hope and faith coexist with great scientific pretension and also a deep desire...

The salary of the chief executive of a large corporation is not a market award...

The salary of the chief executive of a large corporation is not a market award...

By all but the pathologically romantic, it is now recognized that this is not the...

By all but the pathologically romantic, it is now recognized that this is not the...

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...

Modesty is a vastly overrated virtue.

Modesty is a vastly overrated virtue.

In economics, the majority is always wrong.

In economics, the majority is always wrong.

War remains the decisive human failure.

War remains the decisive human failure.

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.

It is a far, far better thing to have a firm anchor in nonsense than...

It is a far, far better thing to have a firm anchor in nonsense than...

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...

The enemy of the conventional wisdom is not ideas but the march of events.

The enemy of the conventional wisdom is not ideas but the march of events.

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

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

The conventional view serves to protect us from the painful job of thinking.

The conventional view serves to protect us from the painful job of thinking.

In economics, the majority is always wrong.

In economics, the majority is always wrong.

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...

In the choice between changing ones mind and proving there's no need to do so,...

In the choice between changing ones mind and proving there's no need to do so,...

There are times in politics when you must be on the right side and lose.

There are times in politics when you must be on the right side and lose.

Mediocrity in politics is not to be despised. Greatness is not needed.

Mediocrity in politics is not to be despised. Greatness is not needed.

We'd all like t'vote for th' best man, but he's never a candidate

We'd all like t'vote for th' best man, but he's never a candidate