In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.
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 experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
John Kenneth GalbraithI was in charge of price controls in World War II and had a ceiling on overall prices. Everybody who was subject to general maximum price regulation wanted an exception and went to Congress to persuade a Congressman, or a group of people on the Hill, that I was being a menace to their industry.
John Kenneth Galbraith