Home Business & Finance Aphorisms by J. K. Galbraith

Aphorisms by J. K. Galbraith


Under capitalism, man exploits man. Under communism, it’s just the opposite.

You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.

A person buying ordinary products in a supermarket is in touch with his deepest emotions.

The conventional view serves to protect us from the painful job of thinking.

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.

All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.

In economics, the majority is always wrong.

The conspicuously wealthy turn up urging the character building values of the privation of the poor.

If wrinkles must be written upon our brows, let them not be written upon the heart. The spirit should never grow old.

We all agree that pessimism is a mark of superior intellect.

In the choice between changing ones mind and proving there’s no need to do so, most people get busy on the proof.

Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don’t want to do anything.

Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.

All successful revolutions are the kicking in of a rotten door.

Politics is the art of choosing between the disastrous and the unpalatable.

Money differs from an automobile or mistress in being equally important to those who have it and those who do not.

The Metropolis should have been aborted long before it became New York, London or Tokyo.

Meetings are indispensable when you don’t want to do anything.

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

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.

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.

Economics is extremely useful as a form of employment for economists.

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.

War remains the decisive human failure.

see also: https://www.aneddoticamagazine.com/in-onore-di-john-kenneth-galbraith/

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