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John Kenneth Galbraith Quotes about Economy

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Modesty is a vastly overrated virtue.

Modesty is a vastly overrated virtue.

John Kenneth Galbraith
Modesty, Virtue, Economy
John Kenneth Galbraith, J. Ron Stanfield, Jacqueline Bloom Stanfield (2004). “Interviews with John Kenneth Galbraith”, p.197, Univ. Press of Mississippi

Power is not something that can be assumed or discarded at will like underwear.

John Kenneth Galbraith
Power, Underwear, Economy
John Kenneth Galbraith (1968). “The New Industrial State”

The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.

John Kenneth Galbraith
Economic, Economy, States
John Kenneth Galbraith (1987). “Economics in Perspective: A Critical History”, Houghton Mifflin Harcourt

It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.

John Kenneth Galbraith
Economy, Treats, Marxist
John Kenneth Galbraith (2001). “The Essential Galbraith”, p.191, Houghton Mifflin Harcourt

The size of General Motors is in the service not of monopoly or the economies of scale but of planning.

John Kenneth Galbraith
Size, Planning, Economy
John Kenneth Galbraith (2015). “The New Industrial State”, p.96, Princeton University Press

Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

John Kenneth Galbraith
Use, Succeed, Economy

Few people at the beginning of the nineteenth century needed an adman to tell them what they wanted.

John Kenneth Galbraith
People, Advertising, Economy
John Kenneth Galbraith (1998). “The Affluent Society”, p.14, Houghton Mifflin Harcourt

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
Humor, Attention, Economy

In the market economy the price that is offered is counted upon to produce the result that is sought.

John Kenneth Galbraith
Economy, Results, Produce
John Kenneth Galbraith (2015). “The New Industrial State”, p.27, Princeton University Press

The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.

John Kenneth Galbraith
Economics, Economy, Knows
John Kenneth Galbraith (2015). “The New Industrial State”, p.38, Princeton University Press

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