Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.
More Quotes from John Kenneth Galbraith:
Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.John Kenneth Galbraith
It is almost as important to know what is not serious as to know what is.
John Kenneth Galbraith
In economics, the majority is always wrong.
John Kenneth Galbraith
You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.
John Kenneth Galbraith
People are the common denominator of progress. So ... no improvement is possible with unimproved people, and advance is certain whenpeople are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills, and the otherfamiliar furniture of economic development.... But we are coming to realize ... that there is a certain sterility in economic monuments thatstand alone in a sea of illiteracy. Conquest of illiteracy comes first.
John Kenneth Galbraith
The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.
John Kenneth Galbraith
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