John Kenneth Galbraith
Canadian-American liberal economist John Kenneth Galbraith also wrote about a similar phenomenon under Capitalism, the emergence of a technocratic layer in The New Industrial State, and The Affluent Society.
Read more about this topic: New Class
Famous quotes containing the words kenneth galbraith, john, kenneth and/or galbraith:
“An ... important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality. Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.”
—John Kenneth Galbraith (b. 1908)
“And I looked, and behold a pale horse: and his name that sat on him was Death.”
—Bible: New Testament St. John the Divine, in Revelation, 6:8.
“Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.”
—John Kenneth Galbraith (b. 1908)
“The enemy of the conventional wisdom is not ideas but the march of events.”
—John Kenneth Galbraith (b. 1908)