John Kenneth Galbraith Quotes


The individual serves the planning system not by supplying it with savings and the resulting capital; he serves it far more by consuming its products.


Citations

Galbraith, John Kenneth. The New Industrial State. Houghton Mifflin, 1967.

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John Kenneth Galbraith
John Kenneth Galbraith
  • Born: October 15, 1908
  • Died: April 29, 2006
  • Nationality: American
  • Profession: Economist

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.