John Kenneth Galbraith
John Kenneth "Ken" Galbraith, OC (properly /ɡælˈbreɪθ/ gal-BRAYTH, but commonly /ˈɡælbreɪθ/ GAL-brayth; 15 October 1908 – 29 April 2006), was a Canadian-American economist. He was a Keynesian, an institutionalist, and a leading proponent of 20th-century American liberalism. His books on economic topics were bestsellers from the 1950s through the 2000s and he filled the role of public intellectual from the 1950s to the 1970s on matters of economics.
Galbraith was a prolific author who produced four dozen books and over a thousand articles on various subjects. Among his most famous works was a popular trilogy on economics, American Capitalism (1952), The Affluent Society (1958), and The New Industrial State (1967). He taught at Harvard University for many years. Galbraith was active in Democratic Party politics, serving in the administrations of Franklin D. Roosevelt, Harry S. Truman, John F. Kennedy and Lyndon B. Johnson; he served as United States Ambassador to India under Kennedy. Due to his prodigious literary output he was arguably the best known economist in the world during his lifetime and was one of a select few people to be awarded the Medal of Freedom, in 1946, and the Presidential Medal of Freedom, in 2000, for services to economics. The government of France made him a Commandeur de la Légion d'honneur.
Read more about John Kenneth Galbraith: Postwar, Works, Honors
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“Money is a singular thing. It ranks with love as man’s greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.”
—John Kenneth Galbraith (b. 1908)
“People who are in a fortunate position always attribute virtue to what makes them so happy.”
—John Kenneth Galbraith (b. 1908)
“Could it be that those who were reared in the postwar years really were spoiled, as we used to hear? Did a child-centered generation, raised in depression and war, produce a self-centered generation that resents children and parenthood?”
—C. John Sommerville (20th century)
“God help the horse, and the driver too!
And the people and beasts who have never a friend!
For the driver easily might have been you,
And the horse be me by a different end!
And nobody knows how their days will cease!
And the poor, when they’re old, have little of peace!”
—James Kenneth Stephens (1882–1950)
“Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.”
—John Kenneth Galbraith (b. 1908)