None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter good ec… - John Kenneth Galbraith

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None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter good economists who are difficult writers even though some of the best have been very good writers. He should know, moreover, that at least for a few great men ambiguity of expression has been a positive asset. But with these exceptions he may safely conclude that what is wholly mysterious in economics is not likely to be important.

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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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Alternative Names: John K. Galbraith John Galbraith J. K. Galbraith Ken Galbraith
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Additional quotes by John Kenneth Galbraith

One of the things I argue in my book [A Journey Through Economic Time] is the extent to which people go to avoid rational decisions – the very large role of mental deficiency in economic history. Generally, people have been very resistant to attributing a causal role in history to stupidity.

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