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

Quote by John Kenneth Galbraith

Topics: Economics Quotes

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...

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...

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.

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...

One of the little-celebrated powers of Presidents (and other high government officials) is to listen...

One of the little-celebrated powers of Presidents (and other high government officials) is to listen...

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...

Politics is not the art of the possible. It consists in choosing between the disastrous...

Politics is not the art of the possible. It consists in choosing between the disastrous...

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...

It has been the acknowledged right of every Marxist scholar to read into Marx the...

It has been the acknowledged right of every Marxist scholar to read into Marx the...

We have escapist fiction, so why not escapist biography?

We have escapist fiction, so why not escapist biography?

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...

Wisdom itself is often an abstraction associated not with fact or reality but with the...

Wisdom itself is often an abstraction associated not with fact or reality but with the...

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,...

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.

Meetings are a great trap. Soon you find yourself trying to get agreement and then...

Meetings are a great trap. Soon you find yourself trying to get agreement and then...

All of the great leaders have had one characteristic in common: it was the willingness...

All of the great leaders have had one characteristic in common: it was the willingness...

Leadership is an opportunity to serve. It is not a trumpet call to self-importance.

Leadership is an opportunity to serve. It is not a trumpet call to self-importance.

Pure logic is the ruin of the spirit.

Pure logic is the ruin of the spirit.

Most people think of leadership as a position and therefore don't see themselves as leaders.

Most people think of leadership as a position and therefore don't see themselves as leaders.