John Kenneth Galbraith Quotes about Business

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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.

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

Business, Awards, Achievement

Annals of an Abiding Liberal ch. 6 (1979)

Happiness does not require an expanding economy

John Kenneth Galbraith

Business, Doe, Management

The modern corporation must manufacture not only goods but the desire for the goods it manufactures.

John Kenneth Galbraith

Business, Desire, Corporations

John Kenneth Galbraith (1998). “The Affluent Society”, p.225, Houghton Mifflin Harcourt

Banking may well be a career from which no man really recovers.

John Kenneth Galbraith

Business, Men, Careers

John Kenneth Galbraith (1969). “Ambassador's Journal”

There is little that can be said about most economic goods. A toothbrush does little but clean teeth. Aspirin does little but dull pain. Alcohol is important mostly for making people more or less drunk ... There being so little to be said, much is to be invented.

John Kenneth Galbraith

Pain, Business, Drunk

The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

John Kenneth Galbraith

Business, Investing, World

John Kenneth Galbraith (1994). “A Short History of Financial Euphoria”, p.21, Penguin

The income men derive from producing things of slight consequence is of great consequence. The production reflects the low marginal utility of the goods to society. The income reflects the high total utility of a livelihood to a person.

John Kenneth Galbraith

Business, Men, Income

John Kenneth Galbraith (1998). “The Affluent Society”, p.217, Houghton Mifflin Harcourt