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Quotes by John Kenneth Galbraith

  • Modesty is a vastly overrated virtue.
  • Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.
  • The modern conservative is engaged in one of man's oldest exercises in moral philosophy that is, the search for a superior moral justification for selfishness.
  • People fo privilage will always risk their complete destruction rather than surrender any material part of their advantage.
  • Change comes not from men and women changing their minds, but from the change from one generation to the next.
  • Wealth is not without its advantages, and the case to the contrary, although it has often been made, has never proved widely persuasive.
  • The conventional view serves to protect us from the painful job of thinking.
  • One of the greatest pieces of economic wisdom is to know what you do not know.
  • Nothing is so admirable in politics as a short memory.
  • In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.
  • Washington is a place where people praise courage and act on elaborate personal cost-benefit calculations.
  • If all else fails, immortality can always be assured by spectacular error.
  • Few people at the beginning of the ninteenth century needed an adman to tell them what they wanted.
  • In economics, the majority is always wrong.
  • A person buying ordinary products in a supermarket is in touch with his deepest emotions.
  • 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.
  • The conspicuously wealthy turn up urging the character-building value of privation for the poor.
  • Technology means the systematic application of scientific or other organized knowledge to practical tasks.
  • The salary of the chief executive of the large corporations is not an award for achievement. It is frequently in the nature of a warm gesture by the individual to himself.
  • Under capitalism, man exploits man. Under communism, it's just the opposite.
  • Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
  • In any great organization it is far, far safer to be wrong with the majority than to be right alone.
  • Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.
  • Economics is extremely useful as a form of employment for economists.
  • You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.
  • It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled sea of thought.
  • Meetings are indispensable when you don't want to do anything.