affluence

America

anatomy of power

beauty

bureaucracy

capitalism

CEO pay

change

city

communism

complexity

conservatism

conservative

consumption

conventional wisdom

economic forecasting

economics

economist

economy

financial genius

food

ideology

illiteracy

immortality

literacy

market system

meeting

metropolis

modesty

money

morality

organization

originality

pessimism

politics

poodle

population growth

poverty

privilege

production

progress

revolution

stock exchange

stockmarket crash of 1929

suburbia

technology

television

trickle down economics

urban crisis

voting

Washington DC

wealth

wisdom

work

writing

nationality

American

Canadian

occupation / innovator as

university professor

Harvard University

innovator in the field of

liberalism

politician

diplomat

scientist

university teacher

scientific organization

American Academy of Arts and Letters

non-fiction writer

Academy of Sciences of the USSR

American Academy of Arts and Sciences

Russian Academy of Sciences

American Philosophical Society

United States Ambassador to India

is private while squalor is public in our world. Ours is a world of filthy streets and clean houses, poor schools and expensive television.

Things that come from the private sector are in abundant supply... things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.. . . .There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater. John Kenneth Galbraith

is most prone to misinformation. So much of what they themselves believe is wrong.

Among all the world's races, some obscure Bedouin tribes possibly apart, Americans are the most prone to misinformation. This is not the consequence of any special preference for mendacity, although at the higher levels of their public administration that tendency is impressive. It is rather that so much of what they themselves believe is wrong.

is the structure of historical transformation whereby power was at one point maintained based on threat of pain, only to be replaced by a means of financial compensation, and now functioning primarily by persuasion. Its concern has shifted from personality to the organization.

an argument that power's mode has shifted (1) from threat of pain (coding power) to a power in which submission is bought (compensatory power) to a power in which submission is gained through persuasion (conditioned power). (2) from a grounding in personality to one in organization.

is a thing for which there is no absolute standard, which is precisely what makes its pursuit so interesting.

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

is a system in which man exploits man. Under communism, it's just the opposite.

Under capitalism, man exploits man. Under communism, it's just the opposite. John Kenneth Galbraith

The inborn instability of capitalism has been part of the history of the system for several hundred years. John Kenneth Galbraith

is not a market award for achievement. It is a warm personal gesture made by the individual to himself.

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 Kenneth Galbraith

is not a result of men and women changing their minds, but arises from the change from one generation to the next.

Change comes not from men and women changing their minds, but from the change from one generation to the next. John Kenneth Galbraith

is we must recognize, by nature a socialist enterprise.

G2 Perhaps the most urgent need for improved urban existence is to accept that the modern city is, by its nature, a socialist enterprise . . . . But this necessity is related to a yet further requirement. That is to see, far more clearly than at present, the essentially social character of the city as a whole. Ibid. GALBRAITH, John Kenneth (1908 )

is a system in which man exploits man. Under capitalism, it's just the opposite.

is often a device for claiming sophistication, or for evading simple truths.

Do not be alarmed by simplification, complexity is often a device for claiming sophistication, or for evading simple truths.

is a movement always in search for a better moral justification for selfishness.

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 Kenneth Galbraith

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

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 Kenneth Galbraith

1s 2nly function is to make astrology look respectable.

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

is a discipline in which hope and faith coexist with great scientific pretension and also a deep desire for respectability.

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

1s 2reatest error is in seeing the economy as a stable, immutable structure.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

is not, despite what economics suggests, a stable, immutable structure.

I think without a doubt, that what is called 'financial genius' is merely a rising market. John Kenneth Galbraith

is a thing more people in the United States die of because of too much rather than of too little.

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

is an event for which no one was responsible. It was the product of free choice and decision of hundreds of thousands of individuals.

No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.

John Kenneth GalbraithThinkers

John Kenneth Galbraith