The 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 GalbraithMy rule on honorary degrees has always been to have one more than Arthur Schlesinger Jr.
John Kenneth GalbraithNostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.
John Kenneth GalbraithIn the old days, land was important as the giver of all things. That period is gone now. Technology and brainpower are all that matters and yet conflicts over land, specially one like on the India-China border, that yields nothing, continue. This is a burden of ancient history that we continue to carry. If tomorrow there is settlement on planet Mars, we will begin to worry if others are interested.
John Kenneth Galbraith