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John Kenneth Galbraith Quotes: In economics, the majority is always wrong.
         

In economics, the majority is always wrong.


John Kenneth Galbraith
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"John Kenneth Galbraith Quotes." Quoteslyfe.com, 2024. Thu. 21 Nov. 2024. <https://www.quoteslyfe.com/quote/In-economics-the-majority-is-always-wrong-740887>.





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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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She wept a river of tears holy water, sent to soften the sharp edges of sorrow a gentle hollowing out, carving new chambers in her hearta hallowed vessel for holding sacred, the tears of others...

She wept a river of tears holy water, sent to soften the sharp edges of sorrow a gentle hollowing out, carving new chambers in her hearta hallowed vessel for holding sacred, the tears of others...



I've always thought that people need to feel good about themselves and I see my role as offering support to them to provide some light along the way.

I've always thought that people need to feel good about themselves and I see my role as offering support to them to provide some light along the way.



I also know that every person faces adversity in life. Abraham Lincoln held this seat in Congress in one term. But few faced as many defeats in his personal, business and public life as he did.

I also know that every person faces adversity in life. Abraham Lincoln held this seat in Congress in one term. But few faced as many defeats in his personal, business and public life as he did.



I pissed away over ten million dollars On dope and crack I passed away deader than a door knob But now I'm back

I pissed away over ten million dollars On dope and crack I passed away deader than a door knob But now I'm back



To recommend that women become identical to men, would be simple reversal, and would defeat the whole point of androgyny, and for that matter, feminism: in both, the whole point is choice.

To recommend that women become identical to men, would be simple reversal, and would defeat the whole point of androgyny, and for that matter, feminism: in both, the whole point is choice.



With Sleater-Kinney, we did a lot of improvisation in our live shows, and even our process of songwriting involved bringing in disparate parts and putting them together to form something cohesive.

With Sleater-Kinney, we did a lot of improvisation in our live shows, and even our process of songwriting involved bringing in disparate parts and putting them together to form something cohesive.



My characters never die screaming in rage. They attempt to pull themselves back together and go on. And that's basically a conservative view of life.

My characters never die screaming in rage. They attempt to pull themselves back together and go on. And that's basically a conservative view of life.



I think Jim got screwed. I think Jim Bakker would have been a great preacher. Jim Bakker was very good at what he did.

I think Jim got screwed. I think Jim Bakker would have been a great preacher. Jim Bakker was very good at what he did.



I don't have principles. I have nerves.

I don't have principles. I have nerves.



People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.

People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.




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This page presents the quote "In economics, the majority is always wrong.". Author of this quote is John Kenneth Galbraith. This quote is about economics, majority, inspirational, always wrong, investing,.