John Kenneth Galbraith Economy and Economics quotes

" Economics is extremely useful as a form of employment for economists. " # Economy and Economics

" In economics the majority is always wrong. " # Economy and Economics

" In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well. " # Economy and Economics # Capitalism # Peace

" In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability. " # Economy and Economics # Faith # Desire

" It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure. " # Economy and Economics # Mistakes # Spirit and Spirituality