40 Quotes By John Kenneth Galbraith


All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
John Kenneth Galbraith on leadership

Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
John Kenneth Galbraith on money

We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.
John Kenneth Galbraith on money

The process by which banks create money is so simple that the mind is repelled.
John Kenneth Galbraith on money

The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.
John Kenneth Galbraith on nature

The modern conservative is engaged in one of man's oldest exercises in moral philosophy that is, the search for a superior moral justification for selfishness.
John Kenneth Galbraith on politics

Politics is the art of choosing between the disastrous and the unpalatable.
John Kenneth Galbraith on politics

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
John Kenneth Galbraith on politics

Nothing is so admirable in politics as a short memory.
John Kenneth Galbraith on politics

Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.
John Kenneth Galbraith on politics

There are times in politics when you must be on the right side and lose.
John Kenneth Galbraith on politics

A bad book is the worse that it cannot repent. It has not been the devil's policy to keep the masses of mankind in ignorance but finding that they will read, he is doing all in his power to poison their books.
John Kenneth Galbraith on power

Power is not something that can be assumed or discarded at will like underwear.
John Kenneth Galbraith on power

In the United States, though power corrupts, the expectation of power paralyzes.
John Kenneth Galbraith on power

By all but the pathologically romantic, it is now recognized that this is not the age of the small man.
John Kenneth Galbraith on romantic

All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
John Kenneth Galbraith on time

There is something wonderful in seeing a wrong-headed majority assailed by truth.
John Kenneth Galbraith on truth

War remains the decisive human failure.
John Kenneth Galbraith on war

One of the greatest pieces of economic wisdom is to know what you do not know.
John Kenneth Galbraith on wisdom

The enemy of the conventional wisdom is not ideas but the march of events.
John Kenneth Galbraith on wisdom