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John Kenneth Galbraith Quotes - Page 16

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Writing is a long and lonesome business; back of the problems in thought and composition hover always the awful questions: Is this the page that shows the empty shell? Is it here and now that they find me out?

Writing is a long and lonesome business; back of the problems in thought and composition hover always the awful questions: Is this the page that shows the empty shell? Is it here and now that they find me out?

John Kenneth Galbraith
Writing, Long, Shells
JOHN KENNETH GALBRAITH (1962). “THE GREAT CRASH 1929”

No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.

John Kenneth Galbraith
Grandparent, Return, Privilege
john kenneth galbraith (1971). “the new industrial state”

Clerks in downtown hotels were said to be asking guests whether they wished the room for sleeping or jumping. Two men jumped hand-in-hand from a high window in the Ritz. They had a joint account.

John Kenneth Galbraith
Sleep, Men, Jumping
John Kenneth Galbraith (1980). “The Great Crash 1929”

The first goal of the technostructure is its own security.

John Kenneth Galbraith
Goal, Firsts, Security
John Kenneth Galbraith (2015). “The New Industrial State”, p.325, Princeton University Press

In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is too much and also,unfortunately, when there is just enough.

John Kenneth Galbraith
Demand, Too Much, Facts
"The New Industrial State". Book by John Kenneth Galbraith. Chapter XXII, Section 4, p. 255, 1967.

Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that create the wants.

John Kenneth Galbraith
Want, Bizarre, Made
John Kenneth Galbraith (2001). “The Essential Galbraith”, p.33, Houghton Mifflin Harcourt

Power is as power does.

John Kenneth Galbraith
Doe
"Money: Whence It Came, Where It Went". Book by John Kenneth Galbraith. Chapter X, "The Impeccable System," p. 118, 1975.

The oldest [John Kenneth] Galbraith rule is that when you hear that a new era has dawned, you should take cover.

John Kenneth Galbraith
Eras, Should, Kenneth
Source: progressive.org

Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.

John Kenneth Galbraith
War, Vietnam, Thanks
Source: progressive.org

Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.

John Kenneth Galbraith
President, Different, Franklin Delano Roosevelt

We have a swarm of people in the stock market - not out of knowledge, not out of expectation, but out of basically a gambling instinct, the hope that prices will go up.

John Kenneth Galbraith
Gambling, People, Expectations
Source: progressive.org

[Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.

John Kenneth Galbraith
War, Two, Peaceful
Source: progressive.org

A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.

John Kenneth Galbraith
Government, Innovation, Too Much
Source: progressive.org

Ralph [ Nader] is an old friend of mine, and he does a useful job in displaying a position.

John Kenneth Galbraith
Jobs, Old Friends, Doe
Source: progressive.org

I'm certainly going to support Al Gore because, on the whole, he's the more sensible figure and you vote not for the perfect but for the best. Coupled with that is a special situation.

John Kenneth Galbraith
Perfect, Support, Special
Source: progressive.org

I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.

John Kenneth Galbraith
Conservative, Surprise, Politician
Source: progressive.org

I've been a faithful reader of the great classical documents of economics, or tried to be.

John Kenneth Galbraith
Faithful, Economics, Reader
Source: progressive.org

We're all subject to the daily pressures of consumer persuasion.

John Kenneth Galbraith
Pressure, Persuasion, Consumers
Source: progressive.org

I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.

John Kenneth Galbraith
Wise, Alternatives, Conflict
Source: progressive.org

I talked about the consolidation of power in the hands of the corporate bureaucracy, as distinct from the stockholders. To this view, I still strongly adhere.

John Kenneth Galbraith
Views, Hands, Bureaucracy
Source: progressive.org

The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.

John Kenneth Galbraith
Bureaucracy, Term, Stills
Source: progressive.org

The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.

John Kenneth Galbraith
Years, Knowing, People
Source: www.progressive.org

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