There are two kinds of forecasters: those who donโt know, and those who donโt know they donโt know.
John Kenneth GalbraithWashington is a place where men praise courage and act on elaborate personal cost-benefit calculations.
John Kenneth GalbraithWe are becoming the servants in thought, as in action of the machine we have created to serve us.
John Kenneth GalbraithSmoking dope and hanging up Che's picture is no more a commitment than drinking milk and collecting postage stamps. A revolution in consciousness is an empty high without a revolution in the distribution of power.
John Kenneth GalbraithThere's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater. What do we worry about? We worry about our schools. We worry about our public recreational facilities. We worry about our law enforcement and our public housing. All of the things that bear upon our standard of living are in the public sector.
John Kenneth GalbraithI write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.
John Kenneth Galbraith