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, 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...

Modesty is a vastly overrated virtue.

Modesty is a vastly overrated virtue.

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...

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...

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...

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...

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.

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,...

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...

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.

It is not necessary to advertise food to hungry people, fuel to cold people, or...

It is not necessary to advertise food to hungry people, fuel to cold people, or...

There are few ironclad rules of diplomacy but to one there is no exception. When...

There are few ironclad rules of diplomacy but to one there is no exception. When...

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...

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 few ironclad rules of diplomacy but to one there is no exception. When...

There are few ironclad rules of diplomacy but to one there is no exception. When...

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...

There is a direct link between the federal tax cut of 2001 and state tax...

There is a direct link between the federal tax cut of 2001 and state tax...

A successful economic development strategy must focus on improving the skills of the area's workforce,...

A successful economic development strategy must focus on improving the skills of the area's workforce,...

Inflation hasn't ruined everything. A dime can still be used as a screwdriver.

Inflation hasn't ruined everything. A dime can still be used as a screwdriver.

To accomplish great things, we must not only act, but also dream; not only plan,...

To accomplish great things, we must not only act, but also dream; not only plan,...