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

Quote by John Kenneth Galbraith

Topics: John Kenneth Galbraith Quotes

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...

It is a commonplace of modern technology that problems have solutions before there is knowledge...

It is a commonplace of modern technology that problems have solutions before there is knowledge...

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.

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...

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

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

In economics, the majority is always wrong.

In economics, the majority is always wrong.

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...

Economics is extremely useful as a form of employment for economists.

Economics is extremely useful as a form of employment for economists.

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...

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or...

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or...

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

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

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.

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.

We all agree that pessimism is a mark of superior intellect.

We all agree that pessimism is a mark of superior intellect.

The Metropolis should have been aborted long before it became New York, London or Tokyo.

The Metropolis should have been aborted long before it became New York, London or Tokyo.

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...

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...

Heres something to think about: How come you never see a headline like Psychic Wins...

Heres something to think about: How come you never see a headline like Psychic Wins...

If eating left over pizza for breakfast is wrong, I don't wanna be right!

If eating left over pizza for breakfast is wrong, I don't wanna be right!