The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
John Kenneth GalbraithWisdom... is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.
John Kenneth GalbraithPartly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.
John Kenneth GalbraithThe accepted ideas of any period are singularly those that serve the dominant economic interest...What economists believe and teach, whether in the United States or in the Soviet Union, is rarely hostile to the institutions - the private business enterprise, the Communist Party - that reflect the dominant economic power. Not to notice this takes effort, although many succeed.
John Kenneth GalbraithThere is an insistent tendency among serious social scientists to think of any institution which features rhymed and singing commercials, intense and lachrymose voices urging highly improbable enjoyment, caricatures of the human esophagus in normal and impaired operation, and which hints implausibly at opportunities for antiseptic seduction as inherently trivial. This is a great mistake. The industrial system is profoundly dependent on commercial television and could not exist in its present form without it.
John Kenneth Galbraith