Quote #23

Let there be no question: economics, so long as it is thus taught, becomes, however unconsciously, a part of the arrangement by which the citizen or student is kept from seeing how he or she is, or will be, governed.

More from John Kenneth Galbraith

  1. Once the visitor was told rather repetitively that this city was the melting pot; never before in history had so many people of such varied…
  2. The decisive weakness in neoclassical and neo-Keynesian economics is not the error in the assumptions by which it elides the problem of pow…
  3. The traveler to the United States will do well, however, to prepare himself for the class-consciousness of the natives. This differs from t…
  4. This is what economics now does. It tells the young and susceptible (and also the old and vulnerable) that economic life has no content of …
  5. In the United States, though power corrupts, the expectation of power paralyzes.
  6. If all else fails immortality can always be assured by adequate error.
  7. The Senate has unlimited debate; in the House, debate is ruthlessly circumscribed. There is frequent discussion as to which technique most …
  8. The process by which banks create money is so simple that the mind is repelled.

All John Kenneth Galbraith quotes