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John Kenneth Galbraith Quotes: The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.
         

The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.


John Kenneth Galbraith
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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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I sometimes think, " said Jason, " that the soul may be a state of mind.

I sometimes think, " said Jason, " that the soul may be a state of mind.



When you move artistically, the natural inclination is to denounce everything that's gone before.

When you move artistically, the natural inclination is to denounce everything that's gone before.



Baseball is just a game, as simple as a ball and bat, yet as complex as the American spirit it symbolizes. A sport, a business and sometimes almost even a religion.

Baseball is just a game, as simple as a ball and bat, yet as complex as the American spirit it symbolizes. A sport, a business and sometimes almost even a religion.



Peace and love are ever in us, being and working; but we be not alway in peace and in love.

Peace and love are ever in us, being and working; but we be not alway in peace and in love.



O wise man, wash your hands of that friend who associates with your enemies.

O wise man, wash your hands of that friend who associates with your enemies.



Reduced to a miserable mass level, the level of a Hitler, German Romanticism broke out into hysterical barbarism.

Reduced to a miserable mass level, the level of a Hitler, German Romanticism broke out into hysterical barbarism.



Injustice allowed at home is not likely to be corrected abroad.

Injustice allowed at home is not likely to be corrected abroad.



Christ is the Son of God. He died to atone for men's sin, and after three days rose again. This is the most important fact in the universe. I die believing in Christ.

Christ is the Son of God. He died to atone for men's sin, and after three days rose again. This is the most important fact in the universe. I die believing in Christ.



Less judgment than wit is more sail than ballast.

Less judgment than wit is more sail than ballast.




Quote Description


This page presents the quote "The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.". Author of this quote is John Kenneth Galbraith. This quote is about knowledge, failure, modern, history, economics, problem, economy,.