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John Kenneth Galbraith Quotes: The only function of economic forecasting is to make astrology look respectable.
         

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


John Kenneth Galbraith
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"John Kenneth Galbraith Quotes." Quoteslyfe.com, 2024. Fri. 26 Apr. 2024. <https://www.quoteslyfe.com/quote/The-only-function-of-economic-forecasting-is-740869>.





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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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Space is big. You just won't believe how vastly, hugely, mind-bogglingly big it is. I mean, you may think it's a long way down the road to the chemist's, but that's just peanuts to space.

Space is big. You just won't believe how vastly, hugely, mind-bogglingly big it is. I mean, you may think it's a long way down the road to the chemist's, but that's just peanuts to space.



I don't understand water and gravity.

I don't understand water and gravity.



You invite things to happen. You open the door. You inhale. And if you inhale the chaos, you give the chaos, the chaos gives back.

You invite things to happen. You open the door. You inhale. And if you inhale the chaos, you give the chaos, the chaos gives back.



Unless you are a fortune-teller, long-term business planning is a fantasy.

Unless you are a fortune-teller, long-term business planning is a fantasy.



If you had a pill that would guarantee a pitcher 20 wins, but might take five years off his life, he'd take it.

If you had a pill that would guarantee a pitcher 20 wins, but might take five years off his life, he'd take it.



This is the mark of a perfect character - to pass through each day as though it were the last, without agitation, without torpor, and without pretense.

This is the mark of a perfect character - to pass through each day as though it were the last, without agitation, without torpor, and without pretense.



Sometimes, as in an athletic event where everything clicks, inexplicable things do happen. Learning and practicing an art or a skill has always been part of the success of the goal.

Sometimes, as in an athletic event where everything clicks, inexplicable things do happen. Learning and practicing an art or a skill has always been part of the success of the goal.



As in art, poetry, music, etc., the best theology is worked out in pain

As in art, poetry, music, etc., the best theology is worked out in pain



The most fun you can possibly have as an actor is to walk that line between what's real and what's interesting.

The most fun you can possibly have as an actor is to walk that line between what's real and what's interesting.



European and American values do not fully coincide.

European and American values do not fully coincide.




Quote Description


This page presents the quote "The only function of economic forecasting is to make astrology look respectable.". Author of this quote is John Kenneth Galbraith. This quote is about astrology, respectable, economic, looks, function, forecasting,.