Inspirational Quotations

Inspirational Quotes by John Kenneth Galbraith (American Economist)

John Kenneth Galbraith (1908–2006) was a Canadian-born American economist and public servant. A leading scholar of the American Institutionalist school, he is one of the most famous economists of the post-World War II era.

Born in Iona Station, Ontario, and educated at the universities of Toronto, California, and Cambridge, he immigrated to the U.S. in 1931. In 1939, he became an assistant professor of economics at Princeton and held various administrative posts before becoming a professor of economics at Harvard 1949–75. He was U.S. ambassador to India 1961–63.

A Keynesian economist, Galbraith advocated government spending to stimulate the economy. He criticized American society’s obsession for consumer goods, arguing that a more significant portion of wealth should be spent on infrastructure, education, and other improvements shared by the public.

Galbraith was also known for the literary excellence of his writing on public affairs. His works include American Capitalism: The Concept of Countervailing Power (1952,) The Great Crash (1955,) The Affluent Society (1958,) The Liberal Hour (1960,) The New Industrial State (1967,) The Age of Uncertainty (1977,) which was made into a BBC television series, The Anatomy of Power (1983,) The Culture of Contentment (1992,) and The Good Society (1996.)

Galbraith also wrote his autobiography, A Life in Our Times (1981.) He was awarded the Presidential Medal of Freedom twice—in 1946 and 2000.

More: Wikipedia READ: Works by John Kenneth Galbraith

By all but the pathologically romantic, it is now recognized that this is not the age of the small man.
John Kenneth Galbraith
Topics: Twentieth Century

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
John Kenneth Galbraith
Topics: Liberalism

There is something wonderful in seeing a wrong-headed majority assailed by truth.
John Kenneth Galbraith

Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.
John Kenneth Galbraith
Topics: Work

People who are in a fortunate position always attribute virtue to what makes them so happy.
John Kenneth Galbraith
Topics: Virtues, Virtue

Under capitalism, man exploits man. Under communism, it’s just the opposite.
John Kenneth Galbraith
Topics: Communism

The conventional view serves to protect us from the painful job of thinking.
John Kenneth Galbraith
Topics: Thinking, Originality

In the choice between changing one’s mind and proving there’s no need to do so, most people get busy on the proof.
John Kenneth Galbraith
Topics: Honesty, Change, Choice

All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.
John Kenneth Galbraith
Topics: Revolutionaries, Revolutions, Revolution

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
John Kenneth Galbraith
Topics: Economy, Economics

One of the greatest pieces of economic wisdom is to know what you do not know.
John Kenneth Galbraith
Topics: Wisdom

Faced with the choice between changing one’s mind and proving there is no need to do so, almost everyone gets busy on the proof.
John Kenneth Galbraith
Topics: Truth, Attitude, Change, Rationality

There’s a certain part of the contented majority who love anybody who is worth a billion dollars.
John Kenneth Galbraith
Topics: Wealth

Among all the world’s races, some obscure Bedouin tribes possibly apart, Americans are the most prone to misinformation. This is not the consequence of any special preference for mendacity, although at the higher levels of their public administration that tendency is impressive. It is rather that so much of what they themselves believe is wrong.
John Kenneth Galbraith
Topics: Information

We all agree that pessimism is a mark of superior intellect.
John Kenneth Galbraith
Topics: Pessimism

Increasingly in recent times we have come first to identify the remedy that is most agreeable, most convenient, most in accord with major pecuniary or political interest, the one that reflects our available faculty for action; then we move from the remedy so available or desired back to a cause to which that remedy is relevant.
John Kenneth Galbraith

The enemy of the conventional wisdom is not ideas but the march of events.
John Kenneth Galbraith
Topics: Enemy, Events, Humanity

Man, at least when educated, is a pessimist. He believes it safer not to reflect on his achievements; Jove is known to strike such people down.
John Kenneth Galbraith
Topics: Pessimism

Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
John Kenneth Galbraith
Topics: Attention

If anything is evident about people who manage money, it is that the task attracts a very low level of talent, one that is protected in its highly imperfect profession by the mystery that is thought to enfold the subject of economics in general and of money in particular.
John Kenneth Galbraith
Topics: Money

The individual serves the industrial system not by supplying it with savings and the resulting capital; he serves it by consuming its products.
John Kenneth Galbraith
Topics: Consumerism

There are a few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished.
John Kenneth Galbraith
Topics: Diplomacy

If all else fails, immortality can always be assured by spectacular error.
John Kenneth Galbraith
Topics: Failures, Mistakes, Immortality

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.
John Kenneth Galbraith
Topics: Beauty

The happiest time of anyone’s life is just after the first divorce.
John Kenneth Galbraith
Topics: Divorce

The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.
John Kenneth Galbraith
Topics: Accomplishment

Total physical and mental inertia are highly agreeable, much more so than we allow ourselves to imagine. A beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt. It is now the only place in our overly active world that does.
John Kenneth Galbraith
Topics: Guilt

Nothing is so admirable in politics as a short memory.
John Kenneth Galbraith
Topics: Memories, Politics

It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
John Kenneth Galbraith
Topics: Government

The drive toward complex technical achievement offers a clue to why the U.S. is good at space gadgetry and bad at slum problems.
John Kenneth Galbraith
Topics: Technology

Wondering Whom to Read Next?

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *