John Kenneth Galbraith Quotes about Economics

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The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

John Kenneth Galbraith

Problem, Economics, Modern

Source: www.progressive.org

In economics it is a far, far wiser thing to be right than to be consistent

John Kenneth Galbraith

Economics, Consistent, Wiser

Nothing so weakens government as persistent inflation.

John Kenneth Galbraith

Government, Economics, Inflation

"The affluent society".

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

John Kenneth Galbraith

Faith, Desire, Economics

The New York Times Magazine, June 07, 1970.

Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.

John Kenneth Galbraith

Believe, Suffering, Economics

"The Age of Uncertainty". Book by John Kenneth Galbraith, 1977.

Foresight is an imperfect thing - all prevision in economics is imperfect.

John Kenneth Galbraith

Imperfect Things, Economics, Foresight

John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.312, Princeton University Press

Economics is not an exact science.

John Kenneth Galbraith

Economics, Exact Sciences

"The Age of Uncertainty". Book by John Kenneth Galbraith. Chapter 1, p. 36, 1977.

There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.

John Kenneth Galbraith

Wise, Economics, Scope

John Kenneth Galbraith (2001). “The Essential Galbraith”, p.12, Houghton Mifflin Harcourt

In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see the changes just mentioned and others as an interlocked whole.

John Kenneth Galbraith

Plot, Fiction, Economics

John Kenneth Galbraith (2015). “The New Industrial State”, p.7, Princeton University Press