It was not hard to persuade people that the market was soun… - John Kenneth Galbraith

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It was not hard to persuade people that the market was sound; as always in such times they asked only that the disturbing voices of doubt be muted and that there be tolerably frequent expressions of confidence.

John Kenneth Galbraith

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About John Kenneth Galbraith

John Kenneth Galbraith (15 October 1908 – 29 April 2006) was a Canadian-American economist and author.

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Also Known As

Alternative Names: John K. Galbraith • John Galbraith • J. K. Galbraith • Ken Galbraith

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John Maynard Keynes Nassim Nicholas Taleb Thomas Sowell David Brin Jean-Baptiste Say

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In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is too much and also,unfortunately, when there is just enough.

The enemy of the conventional wisdom is not ideas but the march of events.

In economics, it is often professionally better to be associated with highly respectable error than uncertainly established truth.

It was not hard to persuade people that the market was sound; as always in such times they asked only that the disturbing voices of doubt be muted an… - John Kenneth Galbraith

About John Kenneth Galbraith

Also Known As

Additional quotes by John Kenneth Galbraith