The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.
If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics). - John Kenneth Galbraith
If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics).
- John Kenneth Galbraith
The huge capacity to purchase submission that goes with any large sum of money, well, this we have. This is a power of which we should all be aware. - John Kenneth Galbraith
The huge capacity to purchase submission that goes with any large sum of money, well, this we have. This is a power of which we should all be aware.
Wealth, in even the most improbable cases, manages to convey the aspect of intelligence. - John Kenneth Galbraith
Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. - John Kenneth Galbraith
People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. - John Kenneth Galbraith
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.
Under capitalism, man exploits man. Under communism, it's just the opposite. - John Kenneth Galbraith
Under capitalism, man exploits man. Under communism, it's just the opposite.
There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know. - John Kenneth Galbraith
There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
There's a certain part of the contented majority who love anybody who is worth a billion dollars. - John Kenneth Galbraith
There's a certain part of the contented majority who love anybody who is worth a billion dollars.
That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplification of our cul… - John Kenneth Galbraith
That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplification of our cul…
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