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One can relish the varied idiocy of human action during a panic to the full, for, while it is a time of great tragedy, nothing is being lost but money - John Galbraith Quotes

One can relish the varied idiocy of human action during a panic to the full, for, while it is a time of great tragedy, nothing is being lost but money

Modesty is a vastly overrated virtue. - John Galbraith Quotes

Modesty is a vastly overrated virtue.

Total physical and mental inertia are highly agreeable, much more so than we allow ourselves to imagine. A beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt. It is now the only place in our overly active world that does. - John Galbraith Quotes

Total physical and mental inertia are highly agreeable, much more so than we allow ourselves to imagine. A beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt. It is now the only place in our overly active world that does.

Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will - John Galbraith Quotes

Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will

More die in the United States of too much food than of too little. - John Galbraith Quotes

More die in the United States of too much food than of too little.

Food

Several times I concluded that there was too much detail; always I returned to continue and enjoy the book. - John Galbraith Quotes

Several times I concluded that there was too much detail; always I returned to continue and enjoy the book.

Books And Reading

The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not. - John Galbraith Quotes

The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.

Crime And Criminals Fraud

The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable. - John Galbraith Quotes

The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.

Science And Scientists

Much literary criticism comes from people for whom extreme specialization is a cover for either grave cerebral inadequacy or terminal laziness, the latter being a much cherished aspect of academic freedom. - John Galbraith Quotes

Much literary criticism comes from people for whom extreme specialization is a cover for either grave cerebral inadequacy or terminal laziness, the latter being a much cherished aspect of academic freedom.

Criticism Literary Criticism

It is not necessary to advertise food to hungry people, fuel to cold people, or houses to the homeless. - John Galbraith Quotes

It is not necessary to advertise food to hungry people, fuel to cold people, or houses to the homeless.

People of privilege will always risk their complete destruction rather than surrender any material part of their advantage - John Galbraith Quotes

People of privilege will always risk their complete destruction rather than surrender any material part of their advantage

Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything. - John Galbraith Quotes

Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.

Agreement Meetings

What is called a high standard of living consists, in considerable measure, in arrangements for avoiding muscular energy, for increasing sensual pleasure and enhancing caloric intake above any conceivable nutritional requirement - John Galbraith Quotes

What is called a high standard of living consists, in considerable measure, in arrangements for avoiding muscular energy, for increasing sensual pleasure and enhancing caloric intake above any conceivable nutritional requirement

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. - John Galbraith Quotes

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

Conservative Philosophy

One of the best ways of avoiding necessary and even urgent tasks is to seem to be busily employed on things that are already done - John Galbraith Quotes

One of the best ways of avoiding necessary and even urgent tasks is to seem to be busily employed on things that are already done

On the first of January of 1929, as a simple matter of probability, it was most likely that the boom would end before the year was out, ... The market wouldn't level out; it would fall precipitately. - John Galbraith Quotes

On the first of January of 1929, as a simple matter of probability, it was most likely that the boom would end before the year was out, ... The market wouldn't level out; it would fall precipitately.

Boom

The only function of economic forecasting is to make astrology look respectable. - John Galbraith Quotes

The only function of economic forecasting is to make astrology look respectable.

Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable. - John Galbraith Quotes

Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.

Art Politicians And Politics

a much more concerned look at the problems of the weak economies, particularly the innocent people that are suffering there. - John Galbraith Quotes

a much more concerned look at the problems of the weak economies, particularly the innocent people that are suffering there.

A bad book is the worse that it cannot repent. It has not been the devil's policy to keep the masses of mankind in ignorance; but finding that they will read, he is doing all in his power to poison their books. - John Galbraith Quotes

A bad book is the worse that it cannot repent. It has not been the devil's policy to keep the masses of mankind in ignorance; but finding that they will read, he is doing all in his power to poison their books.

Books And Reading

If we were not in Vietnam, all that part of the world would be enjoying the obscurity it so richly deserves - John Galbraith Quotes

If we were not in Vietnam, all that part of the world would be enjoying the obscurity it so richly deserves

to conserve what is obsolescent. - John Galbraith Quotes

to conserve what is obsolescent.

When people put their ballots in the boxes, they are, by that act, inoculated against the feeling that the government is not theirs. They then accept, in some measure, that its errors are their errors, its aberrations their aberrations, that any revolt will be against them. It's a remarkably shrewd and rather conservative arrangement when one thinks of it. - John Galbraith Quotes

When people put their ballots in the boxes, they are, by that act, inoculated against the feeling that the government is not theirs. They then accept, in some measure, that its errors are their errors, its aberrations their aberrations, that any revolt will be against them. It's a remarkably shrewd and rather conservative arrangement when one thinks of it.

these are the days when men... seek the comfortable and the accepted; when the man of controversy is looked upon as a disturbing influence; when originality is taken to be a mark of instability; and when, in minor modification of the scriptural parable, the bland lead the bland. - John Galbraith Quotes

these are the days when men... seek the comfortable and the accepted; when the man of controversy is looked upon as a disturbing influence; when originality is taken to be a mark of instability; and when, in minor modification of the scriptural parable, the bland lead the bland.

Wealth is not without its advantages, and the case to the contrary, although it has often been made, has never proved widely persuasive. - John Galbraith Quotes

Wealth is not without its advantages, and the case to the contrary, although it has often been made, has never proved widely persuasive.

Talk of revolution is one of avoiding reality. - John Galbraith Quotes

Talk of revolution is one of avoiding reality.

The individual serves the industrial system not by supplying it with savings and the resulting capital; he serves it by consuming its products - John Galbraith Quotes

The individual serves the industrial system not by supplying it with savings and the resulting capital; he serves it by consuming its products

The conspicuously wealthy turn up urging the character building values of the privation of the poor. - John Galbraith Quotes

The conspicuously wealthy turn up urging the character building values of the privation of the poor.

Character Wealth

We have escapist fiction, so why not escapist biography? - John Galbraith Quotes

We have escapist fiction, so why not escapist biography?

Of all classes the rich are the most noticed and the least studied. - John Galbraith Quotes

Of all classes the rich are the most noticed and the least studied.

In economics it is a far, far wiser thing to be right than to be consistent - John Galbraith Quotes

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

We are becoming the servants in thought, as in action, of the machine we have created to serve us - John Galbraith Quotes

We are becoming the servants in thought, as in action, of the machine we have created to serve us

All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership. - John Galbraith Quotes

All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.

Faced with the choice between changing one's mind and proving there is no need to do so, almost everyone gets busy on the proof. - John Galbraith Quotes

Faced with the choice between changing one's mind and proving there is no need to do so, almost everyone gets busy on the proof.

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting. - John Galbraith Quotes

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.

Meetings are indispensable when you don't want to do anything. - John Galbraith Quotes

Meetings are indispensable when you don't want to do anything.

We all agree that pessimism is a mark of superior intellect. - John Galbraith Quotes

We all agree that pessimism is a mark of superior intellect.

Economics is extremely useful as a form of employment for economists. - John Galbraith Quotes

Economics is extremely useful as a form of employment for economists.

Economy Government

The process by which banks create money is so simple that the mind is repelled. - John Galbraith Quotes

The process by which banks create money is so simple that the mind is repelled.

There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished. - John Galbraith Quotes

There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished.

We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much. - John Galbraith Quotes

We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.

Doctrine Twentieth Century

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative. - John Galbraith Quotes

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.

In economics, the majority is always wrong. - John Galbraith Quotes

In economics, the majority is always wrong.

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 Galbraith Quotes

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.

In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less - John Galbraith Quotes

In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less

The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations. But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness. - John Galbraith Quotes

The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations. But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised. - John Galbraith Quotes

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or unduly firm opinion. Nonetheless, there must be a speech: Speeches in our culture are the vacuum that fills a vacuum. - John Galbraith Quotes

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or unduly firm opinion. Nonetheless, there must be a speech: Speeches in our culture are the vacuum that fills a vacuum.

Once the visitor was told rather repetitively that this city was the melting pot; never before in history had so many people of such varied languages, customs, colors and culinary habits lived so amicably together. Although New York remains peaceful by most standards, this self-congratulation is now less often heard, since it was discovered some years ago that racial harmony depended unduly on the willingness of the blacks (and latterly the Puerto Ricans) to do for the other races the meanest jobs at the lowest wages and then to return to live by themselves in the worst slums. - John Galbraith Quotes

Once the visitor was told rather repetitively that this city was the melting pot; never before in history had so many people of such varied languages, customs, colors and culinary habits lived so amicably together. Although New York remains peaceful by most standards, this self-congratulation is now less often heard, since it was discovered some years ago that racial harmony depended unduly on the willingness of the blacks (and latterly the Puerto Ricans) to do for the other races the meanest jobs at the lowest wages and then to return to live by themselves in the worst slums.

History Multiculturalism

There is an insistent tendency among serious social scientists to think of any institution which features rhymed and singing commercials, intense and lachrymose voices urging highly improbable enjoyment, caricatures of the human esophagus in normal and impaired operation, and which hints implausibly at opportunities for antiseptic seduction as inherently trivial. This is a great mistake. The industrial system is profoundly dependent on commercial television and could not exist in its present form without it. - John Galbraith Quotes

There is an insistent tendency among serious social scientists to think of any institution which features rhymed and singing commercials, intense and lachrymose voices urging highly improbable enjoyment, caricatures of the human esophagus in normal and impaired operation, and which hints implausibly at opportunities for antiseptic seduction as inherently trivial. This is a great mistake. The industrial system is profoundly dependent on commercial television and could not exist in its present form without it.

Science And Scientists Scientists

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