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

Quote by John Kenneth Galbraith

Topics: Economics Quotes

In all life one should comfort the afflicted, but verily, also, one should afflict the...

In all life one should comfort the afflicted, but verily, also, one should afflict the...

A person buying ordinary products in a supermarket is in touch with his deepest emotions.

A person buying ordinary products in a supermarket is in touch with his deepest emotions.

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.

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...

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.

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...

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

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...

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.

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...

If all else fails, immortality can always be assured by spectacular error.

If all else fails, immortality can always be assured by spectacular error.

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

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

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...

Food - taken to support life Wine - taken to enrichen life Food and Wine...

Food - taken to support life Wine - taken to enrichen life Food and Wine...

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...

We are becoming the servants in thought, as in action, of the machine we have...

We are becoming the servants in thought, as in action, of the machine we have...

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

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

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

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

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

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