Quotes by Economists

In a recent decision of the Supreme Court, not made, however, by the full court, and concurred in by only four justices, it was held that the seller of a patented mimeograph could bind the purchaser to use only his ink in the machine, though the ink was not patented. John Bates Clark
Decision Made Machine Though Only Could Supreme Supreme Court Court However His Seller Patented Justices Held Use Full Bind Ink Four Recent
My parents owned a pharmacy in Budapest, which gave us a comfortable living. As I was their only child, they wanted me to become a pharmacist. But my own preference would have been to study philosophy and mathematics. John Harsanyi
Mathematics Me Parents Become Own Living Gave Philosophy Would My Own Only Only Child Budapest Study Comfortable Been Child Owned Wanted Which Preference Us Pharmacist Pharmacy
In 1946, I re-enrolled at the University of Budapest in order to obtain a Ph.D. in philosophy with minors in sociology and in psychology. John Harsanyi
Philosophy Budapest Obtain Order Psychology Sociology University
One might argue that proper understanding of any social situation would require game-theoretic analysis. John Harsanyi
Understanding Situation Analysis Would Proper Argue Any Social Might Require
One of the greatest pieces of economic wisdom is to know what you do not know. John Kenneth Galbraith
Wisdom You Economic Know Pieces Greatest
In economics, the majority is always wrong. John Kenneth Galbraith
Economics Wrong Majority Always
A person buying ordinary products in a supermarket is in touch with his deepest emotions. John Kenneth Galbraith
Emotions Touch Supermarket His Person Ordinary Products Deepest Buying
There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting. John Kenneth Galbraith
Beauty Absolute Pursuit Makes Precisely Interesting Certainly Standard
Money differs from an automobile or mistress in being equally important to those who have it and those who do not. John Kenneth Galbraith
Money Important Those Equally Mistress Being Automobile Who Differs
Few people at the beginning of the nineteenth century needed an adman to tell them what they wanted. John Kenneth Galbraith
People Beginning Few Nineteenth Nineteenth Century Tell Few People Wanted Them Century Needed
War remains the decisive human failure. John Kenneth Galbraith
War Failure Remains Human Decisive
Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative. John Kenneth Galbraith
Politics People Think Liberalism More More And More More People Alternative Painfully Reason Aware
The commencement speech is not, I think, a wholly satisfactory manifestation of our culture. John Kenneth Galbraith
Culture Think Our Commencement Manifestation Wholly Satisfactory Speech
We have escapist fiction, so why not escapist biography? John Kenneth Galbraith
Escapist Fiction Why Why Not Biography
Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised. John Kenneth Galbraith
Economics Few Resonant Minds Ears Say Topics Response Boredom Cliche Advised Practiced None Audience Subject Off Conducive American American Audience Turning Ill Profoundly
Power is not something that can be assumed or discarded at will like underwear. John Kenneth Galbraith
Will Power Assumed Something Like Discarded Underwear
The Metropolis should have been aborted long before it became New York, London or Tokyo. John Kenneth Galbraith
Long Before London New Became Been Metropolis York New York Should Tokyo
By all but the pathologically romantic, it is now recognized that this is not the age of the small man. John Kenneth Galbraith
Man Age Recognized Small Romantic Now
People who are in a fortunate position always attribute virtue to what makes them so happy. John Kenneth Galbraith
Happy People Virtue Attribute Makes Always Them Fortunate Who Position
Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects. John Kenneth Galbraith
Suffering Few Believe Vain Others Beneficial Must Economic Disagreeable Surely Effects Anything
There is no harm in being sometimes wrong - especially if one is promptly found out. John Maynard Keynes
Sometimes Out Promptly Wrong Being Found Harm
Most men love money and security more, and creation and construction less, as they get older. John Maynard Keynes
Love Construction Money Men Creation Older Security More Most Get Less
It would not be foolish to contemplate the possibility of a far greater progress still. John Maynard Keynes
Progress Possibility Would Foolish Contemplate Greater Still Far
The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future. John Maynard Keynes
Future Time Ignorance Dark Defeat Our Object Envelope Investment Forces Which Social Skilled Should
Like Odysseus, the President looked wiser when he was seated. John Maynard Keynes
President He Wiser Like Looked Seated
The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy. John Maynard Keynes
Power National Excessive Part Ideas Powers Greater Errors Than May Autocracy Convention Either Bursting Played Disruptive Bonds
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