Frases de John Kenneth Galbraith

Original: «The study of money, above all other fields in economics, is the one in which complexity is used to disguise truth or to evade truth, not to reveal it».
Fuente: LoCascio, Vincent R. The Monetary Elite Vs. Gold's Honest Discipline. Editorial Weltanschauung Financial Press, 2005. ISBN 9780976842705. p. 21. https://books.google.es/books?id=BVDVgklbzqgC&pg=PA53&dq=ISBN%09097684270X,+9780976842705&hl=es&sa=X&ved=0ahUKEwiEh6CVmNzgAhVHyxoKHbXMCXUQ6AEIKDAA#v=onepage&q=The%20study%20of%20money%2C%20above%20all%20other%20fields%20in%20economics%2C%20is%20the%20one%20in%20which%20complexity%20is%20used%20to%20disguise%20truth%20or%20to%20evade%20truth%2C%20not%20to%20reveal%20it.&f=false

Fuente: ¿Cómo salir de pobre y no morir en el intento? - Finanzas personales. Autor y editor Miquel J. Pavon Besalu. ISBN 9781291043365. p. 173. https://books.google.es/books?id=4BKF9D-b3t8C&pg=PA173&dq=El+proceso+mediante+el+cual+los+bancos+crean+dinero,+es+tan+simple,+que+la+mente+lo+rechaza.+John+Kenneth+Galbraith&hl=es&sa=X&ved=0ahUKEwinltymmdzgAhWK2OAKHeSUAdQQ6AEIKDAA#v=onepage&q=El%20proceso%20mediante%20el%20cual%20los%20bancos%20crean%20dinero%2C%20es%20tan%20simple%2C%20que%20la%20mente%20lo%20rechaza.%20John%20Kenneth%20Galbraith&f=false

Fuente: Bermejo, Pedro. Neuroeconomía: Cómo piensan las empresas. Acción Empresarial. LID Editorial, 2014. ISBN 9788483569610. https://books.google.es/books?id=6pmTBQAAQBAJ&pg=PT22&dq=Para+manipular+eficazmente+a+la+gente+es+necesario+hacer+creer+a+todos+que+nadie+les+manipula.+John+Kenneth+Galbraith&hl=es&sa=X&ved=0ahUKEwiK35znmdzgAhVEx4UKHXeUA-4Q6AEIMzAC#v=onepage&q=Para%20manipular%20eficazmente%20a%20la%20gente%20es%20necesario%20hacer%20creer%20a%20todos%20que%20nadie%20les%20manipula.%20John%20Kenneth%20Galbraith&f=false

Original: «I am worried about our tendency to over invest in things and under invest in people».
Fuente: Harvard Alumni Bulletin, Volumen 61. Contribuidores Harvard Alumni Association, Associated Harvard Clubs. Editor Harvard Alumni Association, 1958. p. 391.

Original: «The conventional view serves to protect us from the painful job of thinking».
Fuente: Understanding Research, Science and Technology Parks: Global Best Practices: Report of a Symposium. Autores National Research Council, Policy and Global Affairs, Board on Science, Technology, and Economic Policy, Committee on Comparative Innovation Policy: Best Practice for the 21st Century. Editor Charles W. Wessner. Editorial National Academies Press, 2009. ISBN 9780309145466. p. 81. https://books.google.es/books?id=w741v2ttOYAC&pg=PA81&dq=The+conventional+view+serves+to+protect+us+from+the+painful+job+of+thinking&hl=es&sa=X&ved=0ahUKEwicqMSymtzgAhVLxoUKHVMpAKEQ6AEIKDAA#v=onepage&q=The%20conventional%20view%20serves%20to%20protect%20us%20from%20the%20painful%20job%20of%20thinking&f=false

Original: «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».
Fuente: Osenton, Tom. Boomer Destiny: Leading the U.S. through the Worst Crisis Since the Great Depression. Edición reimpresa. Editorial ABC-CLIO, 2009. ISBN 9780313356056. p. 103. https://books.google.es/books?id=9EXyCAAAQBAJ&pg=PA103&dq=The+modern+conservative+is+engaged+in+one+of+man%27s+oldest+exercises+in+moral+philosophy;+that+is,+the+search+for+a+superior+moral+justification+for+selfishness&hl=es&sa=X&ved=0ahUKEwiwr6arm9zgAhXcAmMBHbZmDukQ6AEIODAC#v=onepage&q&f=false

Original: «Under capitalism, man exploits man; while under socialism just the reverse is true».
Fuente: Sawhney, Clifford. Book of Common and Uncommon Proverbs. Editorial Pustak Mahal, 2004. ISBN 9788122308549. https://books.google.es/books?id=NvyL-d3lcwUC&pg=PT100&dq=Under+capitalism,+man+exploits+man;+while+under+socialism+just+the+reverse+is+true&hl=es&sa=X&ved=0ahUKEwjgqJGrndzgAhVpAWMBHc7OD-oQ6AEIKzAA#v=onepage&q=Under%20capitalism%2C%20man%20exploits%20man%3B%20while%20under%20socialism%20just%20the%20reverse%20is%20true&f=false

Fuente: The New Industrial State (1967), Chapter XXIII, Section 2, p. 265

Power and the Useful Economist (1973)
Contexto: 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 power and politics because the firm is safely subordinate to the market and the state and for this reason it is safely at the command of the consumer and citizen. Such an economics is not neutral. It is the influential and invaluable ally of those whose exercise of power depends on an acquiescent public. If the state is the executive committee of the great corporation and the planning system, it is partly because neoclassical economics is its instrument for neutralizing the suspicion that this is so.

Fuente: The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929), Chapter VII, Things Become More Serious, Section VIII, p. 131-132
Contexto: Clerks in downtown hotels were said to be asking guests whether they wished the room for sleeping or jumping. Two men jumped hand-in-hand from a high window in the Ritz. They had a joint account.

As quoted in "Galbraith on crashes, Japan and Walking Sticks" by Ben Laurance and William Keegan, in The Observer (21 June 1998)
Contexto: When you see reference to a new paradigm you should always, under all circumstances, take cover. Because ever since the great tulipmania in 1637, speculation has always been covered by a new paradigm. There was never a paradigm so new and so wonderful as the one that covered John Law and the South Sea Bubble — until the day of disaster.

Economic Development (1964), ch. 2
Contexto: People are the common denominator of progress. So, paucis verbis, no improvement is possible with unimproved people, and advance is certain when people are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills, and the other familiar furniture of economic development. At some stages of development — the stage that India and Pakistan have reached, for example — they are central to the strategy of development. But we are coming to realize, I think, that there is a certain sterility in economic monuments that stand alone in a sea of illiteracy. Conquest of illiteracy comes first.

Fuente: The New Industrial State (1967), Chapter XXI, Section 2, p. 236

"The American Economy: Its Substance and Myth," quoted in Years of the Modern (1949), edited by J.W. Chase
Contexto: In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.

Power and the Useful Economist (1973)
Contexto: When the modern corporation acquires power over markets, power in the community, power over the state and power over belief, it is a political instrument, different in degree but not in kind from the state itself. To hold otherwise — to deny the political character of the modern corporation — is not merely to avoid the reality. It is to disguise the reality. The victims of that disguise are those we instruct in error. The beneficiaries are the institutions whose power we so disguise. 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.

Fuente: Money: Whence It Came, Where It Went (1975), Chapter VIII, The Great Compromise, p. 90
Contexto: In numerous years following the war the Federal government ran a heavy surplus. It could not pay off it's debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.

Fuente: The Age of Uncertainty (1977), Chapter 3, "The Massive Dissent of Karl Marx" p. 96
Contexto: All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.

Fuente: The Age of Uncertainty (1977), Chapter 7, p. 211
Contexto: Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.

The Guardian [UK] (23 May 1992)
Contexto: We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.

Booknotes interview (1994)
Contexto: I react to what is necessary. I would like to eschew any formula. There are some things where the government is absolutely inevitable, which we cannot get along without comprehensive state action. But there are many things — producing consumer goods, producing a wide range of entertainment, producing a wide level of cultural activity — where the market system, which independent activity is also important, so I react pragmatically. Where the market works, I'm for that. Where the government is necessary, I'm for that. I'm deeply suspicious of somebody who says, "I'm in favor of privatization," or, "I'm deeply in favor of public ownership." I'm in favor of whatever works in the particular case.

The United States (1971)
Contexto: The Senate has unlimited debate; in the House, debate is ruthlessly circumscribed. There is frequent discussion as to which technique most effectively frustrates democratic process. However, a more 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.

Fuente: The Culture of Contentment (1992), Ch. 13

Foreword to The Beach Book by Gloria Steinem (1963); reprinted in Galbraith's A View from the Stands (1986)
Contexto: Total physical and mental inertia are highly agreeable, much more so than we allow ourselves to imagine. A beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt. It is now the only place in our overly active world that does.

Fuente: The Age of Uncertainty (1977), Chapter 4, p. 111

Booknotes interview (1994)
Contexto: I react to what is necessary. I would like to eschew any formula. There are some things where the government is absolutely inevitable, which we cannot get along without comprehensive state action. But there are many things — producing consumer goods, producing a wide range of entertainment, producing a wide level of cultural activity — where the market system, which independent activity is also important, so I react pragmatically. Where the market works, I'm for that. Where the government is necessary, I'm for that. I'm deeply suspicious of somebody who says, "I'm in favor of privatization," or, "I'm deeply in favor of public ownership." I'm in favor of whatever works in the particular case.

“Stop the Madness,” Interview with Rupert Cornwell, Toronto Globe and Mail (6 July 2002) (see http://wist.info/galbraith-john-kenneth/7463/ )

Though often attributed to Galbraith, as early as 1988 in U.S. News & World Report, the earliest publications of this statement, in The Bulletin (1984) and Reader's Digest (1985) attributes it to Ezra Solomon.
Misattributed

Fuente: A Life in Our Times

Economics, Peace and Laughter (1971), p. 50

Fuente: The Affluent Society (1958), Chapter 9, Section II, p. 103

Fuente: Money: Whence It Came, Where It Went (1975), Chapter XIII, The Self Inflicted Wounds, p. 176

Fuente: The Age of Uncertainty (1977), Chapter 12, p. 330