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John Kenneth Galbraith Quotes: One of the greatest pieces of economic wisdom is to know what you do not know.
         

One of the greatest pieces of economic wisdom is to know what you do not know.


John Kenneth Galbraith
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One of the greatest pieces of economic wisdom is to know what you do not know.
         



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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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Then why do you want to know?""Because learning does not consist only of knowing what we must or we can do, but also of knowing what we could do and perhaps should not do.

Then why do you want to know?""Because learning does not consist only of knowing what we must or we can do, but also of knowing what we could do and perhaps should not do.



A hero is a matter of perspective. The only sure thing in war is casualties. Ideology, patriotism and religious zeal all fuel heroic notions.

A hero is a matter of perspective. The only sure thing in war is casualties. Ideology, patriotism and religious zeal all fuel heroic notions.



Don't pray for easy lives. Pray to be stronger men.

Don't pray for easy lives. Pray to be stronger men.



Knowledge is of two kinds. We know a subject ourselves, or we know where we can find information upon it.

Knowledge is of two kinds. We know a subject ourselves, or we know where we can find information upon it.



Flattery is often a traffic of mutual meanness, where although both parties intend deception, neither are deceived.

Flattery is often a traffic of mutual meanness, where although both parties intend deception, neither are deceived.



God shapes the world by prayer.

God shapes the world by prayer.



JPMorgan is a very good franchise. And the way you should look at a franchise, a business, is from the standpoint of the customers.

JPMorgan is a very good franchise. And the way you should look at a franchise, a business, is from the standpoint of the customers.



Donald Trump pulled off an amazing political feat. He deserves tremendous credit for that.

Donald Trump pulled off an amazing political feat. He deserves tremendous credit for that.



The commonest weakness of our race is our ability to rationalize our most selfish purposes.

The commonest weakness of our race is our ability to rationalize our most selfish purposes.



(For songwriters) Development of your facility as a musician is also important.

(For songwriters) Development of your facility as a musician is also important.




Quote Description


This page presents the quote "One of the greatest pieces of economic wisdom is to know what you do not know.". Author of this quote is John Kenneth Galbraith. This quote is about economics, knowledge,.