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"Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects."
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"Pico Mundo is a prosperous town. But no degree of prosperity can be sufficient to eliminate all misfortune, and sloth is impervious to opportunity."
"Belonging to the working class is the economy's punishment for those who did what they were told to do in class."
"The world economy would collapse if a significant number of people were to realize and then act on the realization that it is possible to enjoy many if not most of the things that they enjoy without first having to own them."
"Not every single broke and unemployed person needs a job, some need customers."
"Civilization transformed man from a food gatherer to a gatherer of pieces of paper: diplomas, employment contracts, money, etc."
"Money is representative, and follows the nature and fortunes of the owner...The farmer is covetous of his dollar, and with reason. It is no waif to him. He knows how many strokes of labor it represents. His bones ache with the days' work that earned it. He knows how much land it represents - how much rain, frost and sunshine. He knows that, in the dollar, he gives you so much discretion and patience, so much hoeing and threshing. Try to lift his dollar; you must lift all that weight. In the city, where money follows the skit of a pen or a lucky rise in exchange, it comes to be looked on as light."
Explore more quotes by John Kenneth Galbraith
"In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability."
"There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting."
"The conspicuously wealthy turn up urging the character building values of the privation of the poor."
"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."
"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."
"There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished."
"Much literary criticism comes from people for whom extreme specialization is a cover for either grave cerebral inadequacy or terminal laziness, the latter being a much cherished aspect of academic freedom."
"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."
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