John Kenneth Galbraith Quotes
Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.
Galbraith, John Kenneth. The Great Crash, 1929. Houghton Mifflin, 1955, p. 189.
Mitchell was the first African American to be elected to the United States Congress as a Democrat. The few other Blacks were Republicans from the Reconstruction period after the Civil War. The President was FDR and Mitchell was elected in the midst of the Great Depression.
John Kenneth Galbraith OC, also known as Ken Galbraith, was a Canadian-American economist, diplomat, public official and intellectual. A leading proponent of 20th-century American liberalism, his books on economic topics were bestsellers from the 1950s through the 2000s. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective.