I think without a doubt, that what is called "financial genius" is merely a rising market.
John Kenneth GalbraithThis is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe.
John Kenneth GalbraithIdeas are inherently conservative. They yield not to the attack of other ideas but to the massive onslaught of circumstance with which they cannot contend.
John Kenneth GalbraithThere is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.
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