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John Kenneth Galbraith Quotes: It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
         

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.


John Kenneth Galbraith
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"John Kenneth Galbraith Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/It-is-my-guiding-confession-that-I-741087>.





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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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Fiction should always steer clear of political considerations.

Fiction should always steer clear of political considerations.




...for since there is no real 'way' to sartori, the way you are following makes very little difference.

...for since there is no real 'way' to sartori, the way you are following makes very little difference.



Government mitigates the inequality of power, and makes an innocent man, though of the lowest rank, a match for the mightiest of his fellow-subjects.

Government mitigates the inequality of power, and makes an innocent man, though of the lowest rank, a match for the mightiest of his fellow-subjects.



Actions are more precious than words

Actions are more precious than words



When you start a game, you don't think to yourself, "well, OK, I'm going throw a one-hitter today." It just becomes an organism, your outing becomes an organism and it grows.

When you start a game, you don't think to yourself, "well, OK, I'm going throw a one-hitter today." It just becomes an organism, your outing becomes an organism and it grows.



It is sometimes necessary to repeat what all know. All mapmakers should place the Mississippi in the same location and avoid originality.

It is sometimes necessary to repeat what all know. All mapmakers should place the Mississippi in the same location and avoid originality.



We do not accept that human society should be constructed on the basis of a savage principle of the survival of the fittest

We do not accept that human society should be constructed on the basis of a savage principle of the survival of the fittest



I was young enough to certainly realize the excitement of how popular 'Seinfeld' was.

I was young enough to certainly realize the excitement of how popular 'Seinfeld' was.



People vote their resentment, not their appreciation. The average man does not vote for anything, but against something.

People vote their resentment, not their appreciation. The average man does not vote for anything, but against something.




Quote Description


This page presents the quote "It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.". Author of this quote is John Kenneth Galbraith. This quote is about seeing, stable, confession, structure, economics, errors, i believe, economy, believe,.