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

Quote by John Kenneth Galbraith

Topics: John Kenneth Galbraith Quotes

In economics, the majority is always wrong.

In economics, the majority is always wrong.

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

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

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...

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...

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,...

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

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

Of all classes the rich are the most noticed and the least studied.

Of all classes the rich are the most noticed and the least studied.

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...

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...

Total physical and mental inertia are highly agreeable, much more so than we allow ourselves...

Total physical and mental inertia are highly agreeable, much more so than we allow ourselves...

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...

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...

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 things are more tempting to a writer than to repeat, admiringly, what he has...

Few things are more tempting to a writer than to repeat, admiringly, what he has...

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that...

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that...

Where humor is concerned there are no standards - no one can say what is...

Where humor is concerned there are no standards - no one can say what is...

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.

We can safely abandon the doctrine of the eighties, namely that the rich were not...

We can safely abandon the doctrine of the eighties, namely that the rich were not...

I don't think the money people in Hollywood have ever thought I was normal, but...

I don't think the money people in Hollywood have ever thought I was normal, but...

What's the use of happiness? It can't buy you money.

What's the use of happiness? It can't buy you money.