The power of the market, which is the fulcrum of traditional attitudes, depends on the validity of this assumption. It is a far, far better thing to … - John Kenneth Galbraith

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The power of the market, which is the fulcrum of traditional attitudes, depends on the validity of this assumption. It is a far, far better thing to admit to monopoly profits, even at exploitive levels, than to concede that the market is impotent.

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About John Kenneth Galbraith

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

Biography information from Wikiquote

Also Known As

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

To the man who held stock on margin, disaster had only one face and that was falling prices. But now prices were to be allowed to fall. The speculator's only comfort, henceforth, was that his ruin would be accomplished in an orderly and becoming manner.

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