John Kenneth Galbraith Quotes

Authors: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Categories: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
meetings-are-indispensable-when-you-dont-want-to-do-anything
politics-is-the-art-of-choosing-between-the-disastrous-and-the-unpalatable
under-capitalism-man-exploits-man-under-communism-its-just-the-opposite
wealth-in-even-the-most-improbable-cases-manages-to-convey-the-aspect-of-intelligence
economics-is-extremely-useful-as-a-form-of-employment-for-economists
we-all-agree-that-pessimism-is-a-mark-of-superior-intellect
money-differs-from-an-automobile-or-mistress-in-being-equally-important-to-those-who-have-it-and-those-who-do-not
there-are-times-in-politics-when-you-must-be-on-the-right-side-and-lose
one-of-the-greatest-pieces-of-economic-wisdom-is-to-know-what-you-do-not-know
few-people-at-the-beginning-of-the-nineteenth-century-needed-an-adman-to-tell-them-what-they-wanted
if-wrinkles-must-be-written-upon-our-brows-let-them-not-be-written-upon-the-heart-the-spirit-should-never-grow-old
in-central-banking-as-in-diplomacy-style-conservative-tailoring-and-an-easy-association-with-the-affluent-count-greatly-and-results-far-much-less
theres-a-certain-part-of-the-contented-majority-who-love-anybody-who-is-worth-a-billion-dollars
inflation-does-not-lubricate-trade-but-by-rescuing-traders-from-their-errors-of-optimism-or-stupidity
it-is-a-far-far-better-thing-to-have-a-firm-anchor-in-nonsense-than-to-put-out-on-the-troubled-seas-of-thought
in-the-choice-between-changing-ones-mind-and-proving-theres-no-need-to-do-so-most-people-get-busy-on-the-proof
we-are-becoming-the-servants-in-thought-as-in-action-of-the-machine-we-have-created-to-serve-us
where-humor-is-concerned-there-are-no-standards-no-one-can-say-what-is-good-or-bad-although-you-can-be-sure-that-everyone-will
faced-with-the-choice-between-changing-ones-mind-and-proving-that-there-is-no-need-to-do-so-almost-everyone-gets-busy-on-the-proof
in-economics-the-majority-is-always-wrong
in-economics-it-is-a-far-far-wiser-thing-to-be-right-than-to-be-consistent
few-things-are-more-tempting-to-a-writer-than-to-repeat-admiringly-what-he-has-said-before
the-conventional-view-serves-to-protect-us-from-the-painful-job-of-thinking
the-commencement-speech-is-not-i-think-a-wholly-satisfactory-manifestation-of-our-culture
you-will-find-that-the-state-is-the-kind-of-organization-which-though-it-does-big-things-badly-does-small-things-badly-too
modesty-is-a-vastly-overrated-virtue
a-person-buying-ordinary-products-in-a-supermarket-is-in-touch-with-his-deepest-emotions
wisdom-itself-is-often-an-abstraction-associated-not-with-fact-or-reality-but-with-the-man-who-asserts-it-and-the-manner-of-its-assertion
but-it-can-be-laid-down-as-rule-that-those-who-speak-most-liberty-are-least-inclined-to-use-it-john-kenneth-galbraith
the-sense-responsibility-in-financial-community-for-community-as-whole-is-not-small-it-is-nearly-nil-john-kenneth-galbraith
if-there-must-be-madness-something-may-be-said-for-having-it-on-heroic-scale-john-kenneth-galbraith
economic-life-as-always-is-matrix-in-which-result-becomes-cause-cause-becomes-result-john-kenneth-galbraith
american-university-presidents-are-nervous-breed-i-have-never-thought-well-them-as-class-john-kenneth-galbraith
the-happiest-time-anyones-life-is-just-after-first-divorce-john-kenneth-galbraith
if-people-are-hungry-illclad-unsheltered-diseased-nothing-is-important-as-to-remedy-their-condition-john-kenneth-galbraith
the-questions-that-are-beyond-reach-economics-beauty-dignity-pleasure-durability-lifemay-be-inconvenient-but-they-are-important-john-kenneth-galbraith
while-it-will-be-desirable-to-achieve-planned-results-it-will-be-even-more-important-to-avoid-unplanned-disasters-john-kenneth-galbraith
very-important-functions-can-be-performed-wastefully-often-are-john-kenneth-galbraith
agreeable-as-it-is-to-know-where-one-is-proceeding-it-is-far-more-important-to-know-where-one-has-arrived-john-kenneth-galbraith
the-capacity-for-erroneous-belief-is-great-especially-where-it-coincides-with-convenience-john-kenneth-galbraith
man-at-least-when-educated-is-pessimist-he-believes-it-safer-not-to-reflect-on-his-achievements-jove-is-known-to-strike-such-people-down-john-kenneth-galbraith
but-there-is-merit-even-in-mentally-retarded-legislator-he-asks-questions-that-everyone-is-afraid-to-ask-for-fear-seeming-simple-john-kenneth-galbraith
more-die-in-united-states-too-much-food-than-too-little-john-kenneth-galbraith
economists-are-generally-negligent-their-heroes-john-kenneth-galbraith
then-shit-hit-fan-john-kenneth-galbraith
there-is-old-saying-should-be-that-it-is-wise-economist-who-recognizes-scope-his-own-generalizations-john-kenneth-galbraith
In many ways the effect of the crash on embezzlement was more significant than on suicide. To the economist embezzlement is the most interesting of crimes. Alone among the various forms of larceny it has a time parameter. Weeks, months, or years may elapse between the commission of the crime and its discovery. (This is a period, incidentally, when the embezzler has his gain and the man who has been embezzled, oddly enough, feels no loss. There is a net increase in psychic wealth.) At any given time there exists an inventory of undiscovered embezzlement in - or more precisely not in - the country's businesses and banks. This inventory - it should perhaps be called the bezzle - amounts at any moment to many millions of dollars. It also varies in size with the business cycle. In good times people are relaxed, trusting, and money is plentiful. But even though money is plentiful, there are always many people who need more. Under these circumstances the rate of embezzlement grows, the rate of discovery falls off, and the bezzle increases rapidly. In depression all this is reversed. Money is watched with a narrow, suspicious eye. The man who handles it is assumed to be dishonest until he proves himself otherwise. Audits are penetrating and meticulous. Commercial morality is enormously improved. The bezzle shrinks... Just as the boom accelerated the rate of growth, so the crash enormously advanced the rate of discovery. Within a few days, something close to a universal trust turned into something akin to universal suspicion. Audits were ordered. Strained or preoccupied behavior was noticed. Most important, the collapse in stock values made irredeemable the position of the employee who had embezzled to play the market. He now confessed.

John Kenneth Galbraith
in-many-ways-effect-crash-on-embezzlement-was-more-significant-than-on-suicide-to-economist-embezzlement-is-most-interesting-crimes-alone-among-various-forms-larceny-it-has-time-
ways quoteseffect quotescrash quotesembezzlement quotessignificant quotessuicide quoteseconomist quotesinteresting quotescrimes quotesforms quoteslarceny quotestime quotesparameter quotesweeks quotesmonths quotesyears quoteselapse quotescommission quotescrime quotesdiscovery quotesperiod quotesincidentally quotesembezzler quotesgain quotesman quotesembezzled quotesoddly quotesfeels quotesloss quotesnet quotesincrease quotespsychic quoteswealth quotesexists quotesinventory quotesundiscovered quotesprecisely quotescountrys quotesbusinesses quotesbanks quotescalled quotesbezzle quotesamounts quotesmoment quotesmillions quotesdollars quotesvaries quotessize quotesbusiness quotescycle quotesgood quotestimes quotespeople quotesrelaxed quotestrusting quotesmoney quotesplentiful quotesplentiful quotescircumstances quotesrate quotesgrows quotesdiscovery quotesfalls quotesincreases quotesrapidly quotesdepression quotesreversed quotesmoney quoteswatched quotesnarrow quotessuspicious quoteseye quoteshandles quotesassumed quotesdishonest quotesproves quotesaudits quotespenetrating quotesmeticulous quotescommercial quotesmorality quotesenormously quotesimproved quotesshrinks quotesboom quotesaccelerated quotesgrowth quotesadvanced quotesdays quotesclose quotesuniversal quotestrust quotesturned quotesakin quotessuspicion quotesordered quotesstrained quotespreoccupied quotesbehavior quotesnoticed quotesimportant quotescollapse quotesstock quotesvalues quotesmade quotesirredeemable quotesposition quotesemployee quotesembezzled quotesplay quotesmarket quotesconfessed quotes
if-all-else-fails-immortality-can-always-be-assured-by-spectacular-error-john-kenneth-galbraith
under-capitalism-man-exploits-man-while-under-socialism-just-reverse-is-true-john-kenneth-galbraith
wisdom-is-often-abstraction-associated-not-with-fact-reality-but-with-man-who-asserts-it-manner-its-assertion-john-kenneth-galbraith
the-happiest-time-in-any-mans-life-is-just-after-first-divorce-john-kenneth-galbraith
i-am-worried-about-our-tendency-to-over-invest-in-things-under-invest-in-people-john-kenneth-galbraith
some-things-were-never-meant-to-be-recycled-john-kenneth-galbraith
under-privilege-first-amendment-many-many-ridiculous-things-are-said-john-kenneth-galbraith
authorship-any-sort-is-fantastic-indulgence-ego-john-kenneth-galbraith
i-never-enjoyed-writing-book-more-indeed-it-is-only-one-i-remember-in-no-sense-as-labor-but-as-joy-john-kenneth-galbraith
it-takes-some-skill-to-spoil-breakfast-even-english-cant-do-it-john-kenneth-galbraith