I have sufficiently urged that all suggestions as to financial innovation be regarded with extreme skepticism. Such seeming innovation is merely some… - John Kenneth Galbraith

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I have sufficiently urged that all suggestions as to financial innovation be regarded with extreme skepticism. Such seeming innovation is merely some variant on an old design, new only in the brief and defective memory of the financial world.

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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

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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