There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition...
More Quotes from John Kenneth Galbraith:
The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.John Kenneth Galbraith
Inventions that are not made, like babies that are not born, are not missed.
John Kenneth Galbraith
Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.
John Kenneth Galbraith
Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
John Kenneth Galbraith
A bad book is the worse that it cannot repent. It has not been the devil's policy to keep the masses of mankind in ignorance; but finding that they will read, he is doing all in his power to poison their books.
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Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
John Kenneth Galbraith
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