Men have been swindled by other men on many occasions. The autumn of 1929 was, perhaps, the first occasion when men succeeded on a large scale in swindling themselves.
John Kenneth GalbraithEvery corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.
John Kenneth GalbraithMoney is what fueled the industrial society. But in the informational society, the fuel, the power, is knowledge. One has now come to see a new class structure divided by those who have information and those who must function out of ignorance. This new class has its power not from money, not from land, but from knowledge.
John Kenneth GalbraithNo hungry man who is also sober can be persuaded to use his last dollar for anything but food.
John Kenneth GalbraithFinancial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
John Kenneth Galbraith