It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.
John Kenneth GalbraithFrom the spring of 1941, I controlled all prices in the United States. You could lower a price without my permission, but you couldn't raise a price without my permission or that of my staff.
John Kenneth GalbraithThere are two kinds of forecasters: those who donโt know, and those who donโt know they donโt know.
John Kenneth GalbraithIt would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
John Kenneth GalbraithMr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy โ what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
John Kenneth Galbraith