If there must be madness, something may be said for having it on a heroic scale
John Kenneth GalbraithFaced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.
John Kenneth GalbraithLiberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
John Kenneth GalbraithCapitalism is chronically unstable.Boom and bust has always marked capitalism in the United States. There were panics in 1785, 1791, 1819, 1857, 1869, 1873, 1907, 1929 and 1987.In economies and politics, as in war, an astonishing number of people die, like the man on the railway crossing, defending their right of way. This is a poorly developed instinct in Switzerland. No country so firmly avows the principles of private enterprise but in few have the practical concessions to socialism been more numerous and varied.
John Kenneth Galbraith