In economics, the majority is always wrong.

Quote by John Kenneth Galbraith

Topics: Economics Quotes

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.

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

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

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...

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

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

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit...

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit...

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...

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...

The great dialectic in our time is not, as anciently and by some still supposed,...

The great dialectic in our time is not, as anciently and by some still supposed,...

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

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

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...

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...

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.

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.

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...

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...

It would be foolish to suggest that government is a good custodian of aesthetic goals....

It would be foolish to suggest that government is a good custodian of aesthetic goals....

The total alteration in underlying circumstances has not been squarely faced, As a result, we...

The total alteration in underlying circumstances has not been squarely faced, As a result, we...

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...

People who are in a fortunate position always attribute virtue to what makes them so...

People who are in a fortunate position always attribute virtue to what makes them so...

Wealth is not without its advantages and the case to the contrary, although it has...

Wealth is not without its advantages and the case to the contrary, although it has...