John Galbraith

John Galbraith

Canadian-American economist.
Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is not enough to explain. The images that are in the mind of the writer must be made to reappear in the mind of the reader, and it is the absence of this ability that causes much economic writing to be condemned, quite properly, as abstract.More John Galbraith quotes [03/29/2018 05:03:36]
Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.More John Galbraith quotes [03/29/2018 05:03:36]
It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium.More John Galbraith quotes [03/29/2018 05:03:36]
A businessman who reads Business Week is lost to fame. One who reads Proust is marked for greatness.More John Galbraith quotes [03/29/2018 05:03:36]
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.More John Galbraith quotes [03/29/2018 05:03:36]

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