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John Kenneth Galbraith Quotes: Economics is not an exact science.
         

Economics is not an exact science.


John Kenneth Galbraith
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"John Kenneth Galbraith Quotes." Quoteslyfe.com, 2024. Thu. 14 Nov. 2024. <https://www.quoteslyfe.com/quote/Economics-is-not-an-exact-science-740971>.





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Other quotes of John Kenneth Galbraith


The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.



Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.

Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.



Under capitalism, man exploits man. Under communism, it's just the opposite.

Under capitalism, man exploits man. Under communism, it's just the opposite.



But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.

But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.



Economics is extremely useful as a form of employment for economists.

Economics is extremely useful as a form of employment for economists.



If all else fails immortality can always be assured by adequate error.

If all else fails immortality can always be assured by adequate error.



The process by which banks create money is so simple that the mind is repelled.

The process by which banks create money is so simple that the mind is repelled.



There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.



Simple minds, presumably, are the easiest to manage.

Simple minds, presumably, are the easiest to manage.



Every 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.

Every 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.





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The price of love is always just above that what your heart can afford

The price of love is always just above that what your heart can afford



Our vision becomes very narrow when we need things to be a certain way and cannot accept things the way they actually are.

Our vision becomes very narrow when we need things to be a certain way and cannot accept things the way they actually are.



Now that I think about it, this might all have been inevitable. The reason we all ended up here, the reason I couldn't leave her alone...it all had to be a ridiculous fairy tale.

Now that I think about it, this might all have been inevitable. The reason we all ended up here, the reason I couldn't leave her alone...it all had to be a ridiculous fairy tale.



There's a reason the Exodus story has inspired so many Americans. It's a narrative of hope.

There's a reason the Exodus story has inspired so many Americans. It's a narrative of hope.



Even top caliber hospitals cannot escape medical mistakes that sometimes result in irreparable damage to patients

Even top caliber hospitals cannot escape medical mistakes that sometimes result in irreparable damage to patients



To love means not to impose your own powers on your fellow man but offer him your help. And if he refuses it, to be proud that he can do it on his own strength.

To love means not to impose your own powers on your fellow man but offer him your help. And if he refuses it, to be proud that he can do it on his own strength.



Everybody has their burdens, their grief that they carry with them.

Everybody has their burdens, their grief that they carry with them.



Enjoy life, study hard, play hard, be kind to other people, set high standards, and don't be afraid to say "No."

Enjoy life, study hard, play hard, be kind to other people, set high standards, and don't be afraid to say "No."



You know to me, being a good actor, the most important quality is you've got to love to play, and to just be open to anything.

You know to me, being a good actor, the most important quality is you've got to love to play, and to just be open to anything.



When your own fans whistle and jeer, then you have a big problem.

When your own fans whistle and jeer, then you have a big problem.




Quote Description


This page presents the quote "Economics is not an exact science.". Author of this quote is John Kenneth Galbraith. This quote is about economics, exact sciences, science,.