John Kenneth Galbraith quotes - page 10
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.
John Kenneth Galbraith
When you see reference to a new paradigm you should always, under all circumstances, take cover. Because ever since the great tulipmania in 1637, speculation has always been covered by a new paradigm. There was never a paradigm so new and so wonderful as the one that covered John Law and the South Sea Bubble - until the day of disaster.
John Kenneth Galbraith
People are the common denominator of progress. So ... no improvement is possible with unimproved people, and advance is certain whenpeople are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills, and the otherfamiliar furniture of economic development.... But we are coming to realize ... that there is a certain sterility in economic monuments thatstand alone in a sea of illiteracy. Conquest of illiteracy comes first.
John Kenneth Galbraith
People are the common denominator of progress. So, paucis verbis, no improvement is possible with unimproved people, and advance is certain when people are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills, and the other familiar furniture of economic development. At some stages of development - the stage that India and Pakistan have reached, for example - they are central to the strategy of development. But we are coming to realize, I think, that there is a certain sterility in economic monuments that stand alone in a sea of illiteracy. Conquest of illiteracy comes first.
John Kenneth Galbraith
John Kenneth Galbraith
Occupation: Canadian-American Economist
Born: October 15, 1908
Died: April 29, 2006
Quotes count: 257
Wikipedia: John Kenneth Galbraith
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