John Kenneth Galbraith Quotes
In economics, the majority is always wrong.
The conventional wisdom is often unwise.
Economic forecasting exists to make astrology look respectable.
The private sector is not always efficient, and the public sector is not always inefficient.
Economic progress can only be measured by the well-being of the least fortunate.
Change is the only constant in economics and in life.
Economic power is concentrated in the hands of a few, and it is a danger to democracy.
Growth for the sake of growth is the ideology of the cancer cell.
The price system is not infallible; it can be manipulated by those with power.
The consumer is not always rational; they can be influenced and manipulated by marketing.
Large corporations have too much power and influence over government policies.
The pursuit of profit can lead to unethical behavior and harm to society.
The economic system should serve the needs and well-being of the people, not the other way around.
Inequality is not just a result of individual effort; it is a product of societal structures and systems.
The government has a role to play in regulating and correcting market failures.
Economic growth without social progress is an empty victory.
Advertising is the most powerful tool of manipulation in the modern world.
The market is not always efficient; it can be distorted by monopolies and oligopolies.
The pursuit of material wealth should not overshadow the pursuit of happiness and fulfillment.
The free market is not always fair; it can lead to the exploitation of workers and the environment.
The true measure of a society is how it treats its most vulnerable members.
The economy should be a means to an end, not an end in itself.
Economic inequality is not just morally wrong; it is also economically inefficient.
Economic theories should be grounded in reality and should not ignore the complexities of human behavior.
The power of money in politics undermines the legitimacy of democratic institutions.
The concentration of wealth and power leads to political corruption and social unrest.
War is the ultimate failure of economic and diplomatic policy.
The arms race is a symptom of economic and political insecurity.
Consumerism is a distraction from the pursuit of true happiness and fulfillment.
The pursuit of economic growth should not come at the expense of the environment.
The government has a responsibility to protect the interests of the common good.
The pursuit of profit should be tempered by a sense of social responsibility.
The banking system should serve the needs of the real economy, not the other way around.
The world’s resources are finite, and our economic system should reflect that reality.
The economic system should prioritize social justice and equality.
Economic development should be sustainable and inclusive.
The true measure of economic success is not GDP, but the well-being of the people.
The financial sector has become too powerful and disconnected from the real economy.
The economy should be democratized to ensure equal opportunity and access to resources.
Poverty is not just an individual failing; it is a social and economic injustice.
The economy should serve the interests of the many, not the few.
The pursuit of economic growth should not come at the expense of social stability and cohesion.
Economic policy should be guided by the principles of justice and fairness.
The cost of inequality is measured not just in dollars, but in human suffering.
The market is not always self-regulating; it requires government intervention to prevent abuses.
The economic system should be designed to create opportunities for all, not just a privileged few.
Education is the key to economic and social mobility.
The government has a role to play in promoting innovation and technological progress.
The economy should serve society, not the other way around.
Economic theories should be questioned and challenged, not accepted blindly.