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J. K. Galbraith Quotes: In economics the majority is always wrong.
         

In economics the majority is always wrong.


J. K. Galbraith
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In economics the majority is always wrong.
         



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"J. K. Galbraith Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/In-economics-the-majority-is-always-wrong-261191>.




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Other quotes of J. K. 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.



More die in the United States of too much food than of too little.

More die in the United States of too much food than of too little.



Simple minds, presumably, are the easiest to manage.

Simple minds, presumably, are the easiest to manage.





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Some boats are rotten in the ports

Some boats are rotten in the ports



Liking is probably the best form of ownership, and ownership the worst form of liking.

Liking is probably the best form of ownership, and ownership the worst form of liking.



Money can't buy friends but you can get a better class of enemy.

Money can't buy friends but you can get a better class of enemy.



The words are ludicrous at times, but you add the reality to it and that gives it the balance it has.

The words are ludicrous at times, but you add the reality to it and that gives it the balance it has.



If you really want a true confrontation, you treat your opponent with respect.

If you really want a true confrontation, you treat your opponent with respect.



Secrets are generally terrible. Beauty is not often hidden — only ugliness and deformity.

Secrets are generally terrible. Beauty is not often hidden — only ugliness and deformity.



I would say the consumer Internet companies - in a lot of ways, if you go inside the consumer Internet companies and you see how they run, it's how all their businesses are going to run.

I would say the consumer Internet companies - in a lot of ways, if you go inside the consumer Internet companies and you see how they run, it's how all their businesses are going to run.



Alienation is a form of living death. It is the acid of despair that dissolves society.

Alienation is a form of living death. It is the acid of despair that dissolves society.



If you really love someone, even if you can't see where you'll be or what you'll be doing twenty years from now, you'd still want that person to be there.

If you really love someone, even if you can't see where you'll be or what you'll be doing twenty years from now, you'd still want that person to be there.



You know, the Brits had a way of - running an empire. And I don't think America is comfortable with an empire.

You know, the Brits had a way of - running an empire. And I don't think America is comfortable with an empire.




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This page presents the quote "In economics the majority is always wrong.". Author of this quote is J. K. Galbraith. .