The brain simply believes what you tell it most… And what you tell it about yourself is what it will create. It has no choice.
John Kenneth Galbraith Quotes
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The charge that an idea is radical, impractical, or long-haired is met by showing that a prominent businessman has favored it…an additional tactic in this strategy of defense…is to assert that Winston Churchill once sponsored the particular idea. If one is challenged, a sufficiently careful investigation will show that he did.
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Money is a singular thing. It ranks with love as man’s greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.
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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 enterprises and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.
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Birth: | 15th October, 1908 |
Death: | 29th April, 2006 |
Nationality: | American |
Profession: | Economist |
John Kenneth Galbraith, also known as Ken Galbraith was born in Iona Station, Ontario, Canada. He was an American economist and diplomat. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective. He served as United States Ambassador to India under the Kennedy administraton. In 1931, he earned a BS degree in Agriculture from Ontario Agricultural College, the University of Toronto. He earned an MS degree in 1932, and received his PhD in agricultural economics in 1934 both from the University of California at Berkeley. He served as professor at Harvard University and Princeton University. He served as an editor of Fortune magazine. He wrote several books include: A Theory of Price Control, American Capitalism, The Affluent Society, The New Industrial State, Economics and the Public Purpose, and A History of Economics. He served as the President of American Economic Association. He was one of the few to receive both the Medal of Freedom in 1946 and the Presidential Medal of Freedom in 2000 for his public service and contributions to science.
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Today's Anniversary - 29th March
Births
- 1831 - Amelia Edith Huddleston Barr
- 1971 - Robert Gibbs
- 1958 - Roy H. Williams
- 1971 - Lara Logan
- 1874 - Lou Henry Hoover
Deaths
- 1878 - Mark Hopkins Jr.
- 1991 - Lee Atwater
- 2005 - Mitch Hedberg
- 1934 - Otto Hermann Kahn
- 1912 - Robert Falcon Scott
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