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John Kenneth Galbraith Quotes: 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.


John Kenneth Galbraith
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"John Kenneth Galbraith Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/Oligopoly-is-an-imperfect-monopoly-Like-the-740956>.





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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.



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.



All successful revolutions are the kicking in of a rotten door.

All successful revolutions are the kicking in of a rotten door.





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It is the most miserable thing to feel ashamed of home.

It is the most miserable thing to feel ashamed of home.



Idleness is a constant sin, and labor is a duty. Idleness is the devil's home for temptation and for unprofitable, distracting musings; while labor profit others and ourselves

Idleness is a constant sin, and labor is a duty. Idleness is the devil's home for temptation and for unprofitable, distracting musings; while labor profit others and ourselves



Sky of blackness and sorrow, sky of love, sky of tears. Sky of glory and sadness, sky of mercy, sky of fear.

Sky of blackness and sorrow, sky of love, sky of tears. Sky of glory and sadness, sky of mercy, sky of fear.



As a teenager, my favourite rejection was, 'She looks too healthy,' which of course translates as, 'She needs to lose weight.'

As a teenager, my favourite rejection was, 'She looks too healthy,' which of course translates as, 'She needs to lose weight.'



Applied properly, it [logic] can overcome any lack of wisdom, which one only gains through age and experience.

Applied properly, it [logic] can overcome any lack of wisdom, which one only gains through age and experience.



Dyson's Law: Do ask; don't lie.

Dyson's Law: Do ask; don't lie.



I don't really like discussions about a supposed Russian national character.

I don't really like discussions about a supposed Russian national character.



Inadequate use of usability engineering methods in software development projects have been estimated to cost the US economy about $30 billion per year in lost productivity.

Inadequate use of usability engineering methods in software development projects have been estimated to cost the US economy about $30 billion per year in lost productivity.



Like the British constitution, cricket was not made: it has 'grown'.

Like the British constitution, cricket was not made: it has 'grown'.



Compassion starts with making friends with ourselves.

Compassion starts with making friends with ourselves.




Quote Description


This page presents the quote "Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.". Author of this quote is John Kenneth Galbraith. This quote is about monarchy, despotism, incompetence, imperfect, oligopoly, monopoly, saved,.