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40 of 40 results found for - "John Kenneth Galbraith"  
[Quote No.62162] Need Area: Mind > Learn
"[In the search for Truth it is important to be skeptical:] The conventional view serves to protect us from the painful job of thinking." - John Kenneth Galbraith
(1908-2006) Canadian-born economist, Harvard professor
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[Quote No.63093] Need Area: Mind > Learn
"[Freedom of thought, speech, expression and press versus censorship and propaganda: the importance of skepticism in the search for truth:] Under the privilege of the First Amendment many, many ridiculous things are said." - John Kenneth Galbraith
(1908-2006) Canadian-born economist, Harvard professor. Source: PBS Firing Line, 9 December 1989.
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[Quote No.44526] Need Area: Body > Health
"More die in the United States from too much food that from too little." - John Kenneth Galbraith

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[Quote No.14688] Need Area: Body > Grooming
"There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting. [Beauty is in the eye of the beholder.]" - John Kenneth Galbraith
American economist
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[Quote No.28403] Need Area: Body > Grooming
"There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting." - John Kenneth Galbraith
Famous economist
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[Quote No.4502] Need Area: Money > Invest
"The conventional view serves to protect us from the painful job of thinking. " - John Kenneth Galbraith

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[Quote No.6858] Need Area: Money > Invest
"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.[concerning some poor investing theories]" - John Kenneth Galbraith
a brilliant economist and successful value investor
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[Quote No.10640] Need Area: Money > Invest
"The only function of economic forecasting is to make astrology look respectable. " - John Kenneth Galbraith

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[Quote No.22532] Need Area: Money > Invest
"We have two classes of forecasters: Those who don't know Ė and those who don't know they don't know." - John Kenneth Galbraith
Renowned economist, talented investor, and political thinker
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[Quote No.22533] Need Area: Money > Invest
"This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe." - John Kenneth Galbraith
Renowned economist, talented investor, and political thinker
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[Quote No.23215] Need Area: Money > Invest
"In economics the majority are always wrong." - John Kenneth Galbraith
Famous American economist
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[Quote No.26922] Need Area: Money > Invest
"Economics exists to make astrology look respectable." - John Kenneth Galbraith
Professor of Economics at Harvard University, US Ambassador to India, best selling author
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[Quote No.27399] Need Area: Money > Invest
"We have two classes of [economic] forecasters: those who don't know...and those who don't know they don't know." - John Kenneth Galbraith
(1908 - 2006), America's most famous economist. He was Canadian-born and trained at Berkeley.
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[Quote No.28033] Need Area: Money > Invest
"The one thing we learn from history is that we do not learn from history." - John Kenneth Galbraith
Eminent Harvard economist. Quote from his book on booms and busts, 'A Short History of Financial Euphoria'.
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[Quote No.34032] Need Area: Money > Invest
"Economics [especially forecasts] exists to make astrology look respectable." - John Kenneth Galbraith
Famous economist.
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[Quote No.34038] Need Area: Money > Invest
"[What happens at the top of a bull market as it starts to crash?] Those who had been riding the upward wave decide now is the time to get out. Those who thought the increase would be forever find their illusion destroyed abruptly, and they, also, respond to the newly revealed reality by selling or trying to sell. And thus the rule, supported by the experience of centuries: the speculative episode always ends not with a whimper but with a bang." - John Kenneth Galbraith
Famous economist. Quote from his book 'A Short History of Financial Euphoria'.
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[Quote No.34040] Need Area: Money > Invest
"There are two kinds of forecasters: those who donít know, and those who donít know they donít know." - John Kenneth Galbraith
Famous economist. Quoted in the 'Wall Steet Journal', Jan. 22, 1993.
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[Quote No.34120] Need Area: Money > Invest
"There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dimissed as the primative refuge of those who do not have the insight to appreciate the incredible wonders of the present. [This is usually a mistake as this attitude goes on to create irrational booms that then crash horribly. It is wise to remember what the highly successful investor, Sir John Templeton said, 'The four most dangerous words in investing are, 'It's different this time.']" - John Kenneth Galbraith
Famous economist. From his book, 'A Short History of Financial Euphoria'.
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[Quote No.35337] Need Area: Money > Invest
"[Some people believe] It is a far, far better thing to have a firm anchor in nonsense [for example, some economic theories as well as some technical chart investing methodologies] than to put on the troubled seas of thought." - John Kenneth Galbraith
Famous economist
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[Quote No.37503] Need Area: Money > Invest
"One of the greatest pieces of economic wisdom is to know what you do not know. " - John Kenneth Galbraith
20th century American economist
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[Quote No.45706] Need Area: Money > Invest
"In economics, the majority is always wrong [so it pays to be sensibly contrarian - being fearful when others are greedy and greedy when others are fearful]. " - John Kenneth Galbraith
Well-known American economist
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[Quote No.46375] Need Area: Money > Invest
"[Volatility usually increases at market tops and bottoms:] The temporary breaks in the market which preceded the crash were a serious trial for those who had declined fantasy. Early in 1928, in June, in December, and in February and March of 1929 [before the October crash that began the Great Depression] it seemed that the end had come. On various of these occasions the Times happily reported the return to reality. And then the market took flight again. Only a durable sense of doom could survive such discouragement. The time was coming when the optimists [who denied the top forming] would reap a rich harvest of discredit. But it has long since been forgotten that for many months those who resisted reassurance [and called the top early] were similarly, if less permanently, discredited." - John Kenneth Galbraith
'The Great Crash', published 1954.
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[Quote No.46377] Need Area: Money > Invest
"The time had come, as in all periods of speculation, when men sought not to be persuaded by the reality of things but to find excuses for escaping into the new world of fantasy [and believing that the share market could only go up - which is prelude to a parabolic blow off top and a massive crash which in this instance was the October, 1929, crash that began the Great Depression]." - John Kenneth Galbraith
'The Great Crash', published 1954.
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[Quote No.46962] Need Area: Money > Invest
"We have two classes of [economic and business] forecasters, those who donít know Ė and those who donít know they donít know." - John Kenneth Galbraith
Economist
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[Quote No.911] Need Area: Money > General
"Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety." - John Kenneth Galbraith

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[Quote No.7640] Need Area: Money > General
"Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive. " - John Kenneth Galbraith

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[Quote No.34039] Need Area: Money > General
"It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure. [In fact just like the people who make up the economy, it is in an inconstant state of change. Therefore the best we can hope for is to try to constantly monitor what we consider important and realise that our knowledge and understanding will always be imperfect.]" - John Kenneth Galbraith
Famous economist. Quote from his book, 'A Journey Through Economic Time', published in 1994.
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[Quote No.34041] Need Area: Money > General
"To the economist, embezzlement is the most interesting of crimes. Alone among the various forms of larceny it has a time parameter. Weeks, months, or even years may elapse between the commission of the crime and its discovery. (This is a period, incidentally, when the embezzler has his gain and the man who has been embezzled, oddly enough, feels no loss. There is a net increase in psychic wealth.) At any given time there exists an inventory of undiscovered embezzlement in - or more precisely, not in - the country's businesses and banks. This inventory - it should perhaps be called the bezzle - amounts at any moment to many millions of dollars. It also varies in size with the business cycle. In good times people are relaxed, trusting, and money is plentiful. But even though money is plentiful, there are always many people who need more. Under these circumstances the rate of embezzlement grows, the rate of discovery falls off, and the bezzle increases rapidly. In depression this is all reversed. Money is watched with a narrow, suspicious eye. The man who handles it is assumed to be dishonest until he proves himself otherwise. Audits are penetrating and meticulous. Commercial morality is enormously improved. The bezzle shrinks." - John Kenneth Galbraith
Famous economist.
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[Quote No.34076] Need Area: Money > General
"Not much in the history of money supports a linear view of history, one in which the knowledge and experience from one epoch provide the intelligence for improved management in the next. Of those who give guidance on these matters history says even less. Out of the 2500 years of experience and 200 years of ardent study have come monetary systems that are as unsatisfactory as any in the peacetime past. In recent times conservatives have reacted adversely to inflation, though not with great enthusiasm to the measures for preventing it. Liberals have thought unemployment the greater affliction. In fact no economy can be successful which has either. Inflation causes discomfort and frustration for many. Unemployment causes acute suffering for a lesser number. There is no certain way of knowing which causes the most in the aggregate of pain. It was the prime lesson of the thirties that deflation and depression destroyed international order, caused each nation to try for its own salvation, indifferent to the damage that its efforts caused to neighbours. It has equally been the lesson of the late sixties and early seventies that inflation too destroys international order. Those who express or imply a preference between inflation and depression are making a fool's choice. Policy must always be against whichever one has." - John Kenneth Galbraith
Famous economist. Quote from 'Money: Whence it came, where it went', Chapter 20, published 1975.
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[Quote No.44075] Need Area: Money > General
"The Federal Reserve System is treated by nearly all economists with reverence. On no matter is their instruction of the young in the subtlety and benignity of established institutions more admiring - or, in broad effect, more successful. Corporations are flawed by an instinct for monopoly. Trade unions interfere with the market, urge trade restrictions, resist new technology and thus obstruct progress, and they can fall victim to extortionists and racketeers. The regulatory agencies of the government are notably imperfect instruments of economic guidance. The Federal Reserve System is not totally above criticism. It makes many mistakes but these are always interesting errors of judgment. They are examined not critically but respectfully to discover why men of insight went wrong. That for such error anyone should be sacked or even seriously rebuked is, for economists, nearly unthinkable. This approval goes back to the origins and can be highly negligent of circumstance. The most widely read account of the genesis of the System tells glowingly of its birth in the closing weeks of 1913 when the Federal Reserve Act was passed by Congress and signed by President Wilson." - John Kenneth Galbraith
(1908-2006) Canadian-born economist, Harvard professor. Source: 'Money: Whence It Came, Where It Went'.
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[Quote No.3492] Need Area: Work > Leadership
"Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable." - John Kenneth Galbraith

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[Quote No.46575] Need Area: Food > General
"More die in the United States of too much food than of too little." - John Kenneth Galbraith
Economist
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[Quote No.9939] Need Area: Friends > Conversation
"Faced with the choice between changing one's mind, and proving that there is no need to do so, almost everybody gets busy on the proof. [they seem more concerned with who is right - themselves - than discovering what is right] " - John Kenneth Galbraith

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[Quote No.63094] Need Area: Friends > Conversation
"[Freedom of thought, speech, expression and press versus censorship and propaganda: the importance of skepticism in the search for truth:-] Under the privilege of the First Amendment many, many ridiculous things are said." - John Kenneth Galbraith
(1908-2006) Canadian-born economist, Harvard professor. Source: PBS Firing Line, 9 December 1989.
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[Quote No.8972] Need Area: Friends > General
"Under capitalism man exploits man; under socialism the reverse is true. " - John Kenneth Galbraith
famous economist
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[Quote No.9290] Need Area: Friends > General
"People are the common denominator of progress. So... no improvement is possible with unimproved people, and advance is certain when people are liberated and educated. " - John Kenneth Galbraith

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[Quote No.28111] Need Area: Friends > General
"All successful revolutions are the kicking in of a rotten door." - John Kenneth Galbraith

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[Quote No.32239] Need Area: Friends > General
"There are times in politics when you must be on the right side and lose." - John Kenneth Galbraith

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[Quote No.44237] Need Area: Friends > General
"Politics is not the art of the possible. It is choosing between the unpalatable and the disastrous." - John Kenneth Galbraith

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[Quote No.49119] Need Area: Friends > General
"You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too." - John Kenneth Galbraith
a Canadian and, later, American economist, public official, and diplomat, and a leading proponent of 20th-century American liberalism.
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