The total alteration in underlying circumstances has not been squarely faced, As a result, we are guided, in part, by ideas that are relevant to another world. ... We do many things that are unnecessary, some that are unwise, and…

Quote by John Kenneth Galbraith

Topics: Economy Quotes, Planning Quotes

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.

In central banking as in diplomacy, style, conservative tailoring, and an easy association with the...

In central banking as in diplomacy, style, conservative tailoring, and an easy association with the...

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...

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...

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.

Nothing is so admirable in politics as a short memory.

Nothing is so admirable in politics as a short memory.

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...

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

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

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...

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...

Politics is the art of choosing between the disastrous and the unpalatable.

Politics is the art of choosing between the disastrous and the unpalatable.

Much literary criticism comes from people for whom extreme specialization is a cover for either...

Much literary criticism comes from people for whom extreme specialization is a cover for either...

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...

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...

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...

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...

The salary of the chief executive of a large corporation is not a market award...

The salary of the chief executive of a large corporation is not a market award...

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...

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

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