John Kenneth Galbraith Quotes

In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.

The bubble, as investing phenomenon, has been well studied ever since the 17th-century tulip bulb frenzy. Its counterpart in bear markets is not well understood.

It is from the scope and wisdom of the economists of the past that we must reap the knowledge with which to face the future.

An economist is a man that can tell you...what can happen under any given condition, and his guess is liable to be as good as anybody else's too.

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

All economists should be locked up until they admit that they don't know what they're talking about.

Economics is not an exact science.

If trading is like chess, then macro is like three-dimensional chess.

Hindi film industry's fortunes are directly connected to that of the world finance markets.

Economists don't usually make good speculators, because they think too much.

One speaks with great respect of economists, if only because they represent such a variety of opinions.

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.

economics limps along with one foot in untested hypotheses and the other in untestable slogans.

I would never make a good economist. You know, an economist is a man that can tell you anything about — well, he will tell you what can happen under any given condition — and his guess is liable to be as good as anybody else's, too.

If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.

In economics it is a far, far wiser thing to be right than to be consistent

I'm not currently into economic textbooks, but my grandchildren tell me that the book by Gregory Mankiw, former head of the white house council of economic advisers is a model of intelligence and clarity. Why not try that one.

Economists are said to disagree too much but in ways that are too much alike: If eight sleep in the same bed, you can be sure that, like Eskimos, when they turn over, they'll all turn over together.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.

Sometimes things seem too good to be true.

Electrical fire and the fire of greed kindle economies. In that flux, nations become digitized commodities on stock-exchange floors and on investors' rating screens. A country becomes a product to be rated for its obedience to paying of deficits and debts.

Any man who is only an economist is unlikely to be a good one.

Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science.

Assumption Theory: The only safe assumption in life is that the person who assures you that everything is all right is all wrong.