Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.

Quote by John Kenneth Galbraith

Topics: John Kenneth Galbraith Quotes

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...

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.

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...

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...

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...

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

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

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

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

Humor is richly rewarding to the person who employs it. It has some value in...

Humor is richly rewarding to the person who employs it. It has some value in...

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.

Meetings are indispensable when you don't want to do anything.

Meetings are indispensable when you don't want to do anything.

In economics, the majority is always wrong.

In economics, the majority is always wrong.

More die in the United States of too much food than of too little.

More die in the United States of too much food than of too little.

Modesty is a vastly overrated virtue.

Modesty is a vastly overrated virtue.

The conspicuously wealthy turn up urging the character building values of the privation of the...

The conspicuously wealthy turn up urging the character building values of the privation of the...

One can relish the varied idiocy of human action during a panic to the full,...

One can relish the varied idiocy of human action during a panic to the full,...

In economics, the majority is always wrong.

In economics, the majority is always wrong.

Now, anybody who thinks that we can move this economy forward with just a few...

Now, anybody who thinks that we can move this economy forward with just a few...

The language of economics is seldom limpid, but in H Street they usually manage to...

The language of economics is seldom limpid, but in H Street they usually manage to...