The power of the market, which is the fulcrum of traditional attitudes, depends on the validity of this assumption. It is a far, far better thing to admit to monopoly profits, even at exploitive levels, than to concede that the market is impotent. (John Kenneth Galbraith)

The power of the market, which is the fulcrum of traditional attitudes, depends on the validity of this assumption. It is a far, far better thing to admit to monopoly profits, even at exploitive levels, than to concede that the market is impotent.

John Kenneth Galbraith

Related topics

assumption far fulcrum market monopoly power thing traditional validity profits

Related quotes

I can imagine nothing more terrifying than an Eternity filled with men who were all the same. The only thing which has made life bearable...has been the diversity of creatures on the surface of the globe.

T. H. White

I'm not unmindful of man's seeming need for faith; I'm for anything that gets you through the night, be it prayer, tranquilizers, or a bottle of Jack Daniel's. But to me religion is a deeply personal thing in which man and God go it alone together, without the witch doctor in the middle.

Frank Sinatra

The past history of our globe must be explained by what can be seen to be happening now. No powers are to be employed that are not natural to the globe, no action to be admitted except those of which we know the principle.

James Hutton

I, not events, have the power to make me happy or unhappy today. I can choose which it shall be. Yesterday is dead, tomorrow hasn't arrived yet. I have just one day, today, and I'm going to be happy in it.

Groucho Marx

Everyone confesses that exertion which brings out all the powers of body and mind is the best thing for us; but most people do all they can to get rid of it, and as a general rule nobody does much more than circumstances drive them to do.

Harriet Beecher Stowe