Monday, May 01, 2006

The wit and wisdom of JK Galbraith

JK GalbraithThe Guardian has a selection of quotations from JK Galbraith, the distinguished American economist who died at the weekend:

  • Under capitalism, man exploits man. Under communism, it's just the opposite.
  • The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.
  • The only function of economic forecasting is to make astrology look respectable.
  • It is a well known … fact that America's founding fathers did not like taxation without representation. It is a lessor known and equally important fact that they did not much like taxation with representation.

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