World War II revealed two of the enduring features of the Keynesian Revolution. One was the moral difference between spending for welfare and spending for war. During the Depression very modest outlays for the unemployed seemed socially debilitating, economically unsound. Now expenditures many times greater for weapons and soldiers were perfectly safe. It's a difference that still persists.
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 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 GalbraithPeople who are in a fortunate position always attribute virtue to what makes them so happy.
John Kenneth Galbraith