John Kenneth Galbraith Economy Quotations

The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.

Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.

It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.

Few people at the beginning of the nineteenth century needed an adman to tell them what they wanted.

Power is not something that can be assumed or discarded at will like underwear.

Modesty is a vastly overrated virtue.

The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.

In the market economy the price that is offered is counted upon to produce the result that is sought.

Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

The size of General Motors is in the service not of monopoly or the economies of scale but of planning.