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The more obvious features of the speculative episode are manifestly clear to anyone open to understanding. Some artifact or some development, seeming… - John Kenneth Galbraith
" "The more obvious features of the speculative episode are manifestly clear to anyone open to understanding. Some artifact or some development, seemingly new and desirable — tulips in Holland, gold in Louisiana, real estate in Florida, the superb economic designs of Ronald Reagan — captures the financial mind or perhaps, more accurately, what so passes. The price of the object of speculation goes up. Securities,
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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
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John Galbraith
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J. K. Galbraith
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Ken Galbraith
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Additional quotes by John Kenneth Galbraith
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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