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John Kenneth Galbraith Quotes: In economics it is a far, far wiser thing to be right than to be consistent
         

In economics it is a far, far wiser thing to be right than to be consistent


John Kenneth Galbraith
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"John Kenneth Galbraith Quotes." Quoteslyfe.com, 2024. Fri. 26 Apr. 2024. <https://www.quoteslyfe.com/quote/In-economics-it-is-a-far-far-741034>.





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Other quotes of John Kenneth Galbraith


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.

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.



Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.

Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.



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

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



But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.

But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.



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

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



If all else fails immortality can always be assured by adequate error.

If all else fails immortality can always be assured by adequate error.



The process by which banks create money is so simple that the mind is repelled.

The process by which banks create money is so simple that the mind is repelled.



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

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



Simple minds, presumably, are the easiest to manage.

Simple minds, presumably, are the easiest to manage.



Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.

Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.





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Don't worry about it. The right thing will come at the right time.

Don't worry about it. The right thing will come at the right time.



The best way of successfully acting a part is to be it.

The best way of successfully acting a part is to be it.



The surest way of making a dupe is to let your victim suppose you are his.

The surest way of making a dupe is to let your victim suppose you are his.




If we make consistent effort, based on proper education, we can change the world.

If we make consistent effort, based on proper education, we can change the world.



Since the primitive times, the wealth of the popes was exposed to envy, their powers to opposition, and their persons to violence.

Since the primitive times, the wealth of the popes was exposed to envy, their powers to opposition, and their persons to violence.



Jazz is music made by and for people who have chosen to feel good in spite of conditions.

Jazz is music made by and for people who have chosen to feel good in spite of conditions.



American capitalism has been both overpraised and overindicted. It is neither the Plumed Knight nor the monstrous Robber Baron.

American capitalism has been both overpraised and overindicted. It is neither the Plumed Knight nor the monstrous Robber Baron.



Just because today is a terrible day doesn't mean tomorrow might not be the best day of your entire life. You just have to wake up and get there

Just because today is a terrible day doesn't mean tomorrow might not be the best day of your entire life. You just have to wake up and get there



There are two types of teachers. Those who tell you what you want to hear and those who tell you what you don't want to hear.

There are two types of teachers. Those who tell you what you want to hear and those who tell you what you don't want to hear.




Quote Description


This page presents the quote "In economics it is a far, far wiser thing to be right than to be consistent". Author of this quote is John Kenneth Galbraith. This quote is about wiser, economics, consistent,.