A Quote by John Kenneth Galbraith

Milton Friedman’s misfortune is that his economic policies have been tried.

John Kenneth Galbraith

Quote Topics

Been Economic His Milton Misfortune Policies Tried

Quote Author

John Kenneth Galbraith
American - Economist
October 15, 1908 - April 29, 2006

The myth of the inevitability of economic globalization is based largely on the work of Milton Friedman, and easily the most underreported story of our time is that the current economy proves Friedman flatly wrong.

Molly Ivins

Milton Friedman. Friedman had a solid MV = PQ doctrine from which he deviated very little all his life. By the way, he's about as smart a guy as you'll meet. He's as persuasive as you hope not to meet.

Paul Samuelson

If they understand, which I believe they really are sensing, that the alternative the Republicans have been offering is to repeal what we've done, to go back to Bush policies - and if you asked the public what would you prefer, Bush economic policies or Obama economic policies, they take and prefer Obama economic policies.

Carl Levin

It has been said that I am not a 'real' Libertarian. A certain faction of the Party has come to believe that the writings of Ayn Rand and Milton Friedman are the holy texts of Libertarianism, and I disagree. I believe that the Libertarian movement is and should be more encompassing than the narrow-minded advocacy of economic anarchy.

Augustus Sol Invictus

Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree.

Franco Modigliani

You want to prove that Milton Friedman is a fascist? It's easy. Quote him.

Arthur Laffer

Even philosophies who have denounced pseudosciences like psychoanalysis, have condoned pseudoscientific economic theories like neoclassical microeconomics. It is far safer and easier to criticize Freud and Jung than to criticize Milton Friedman and Friedrich Hayek, because the latter are backed by political movements whereas the former are not.

Mario Bunge

Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.

John Kenneth Galbraith

All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman.

George Stigler

With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets.

Steve Hanke

While no inference is intended here, it is worth noting, in connection with Milton Friedman's comment that "Kelso just turned Marx upside down," that it is not necessarily amiss to turn a fellow upside down if that in fact straightens out his thinking.

Louis O. Kelso

So many of the great thought leaders that have shaped economics - Gary Becker, Milton Friedman - what an unbelievable success story they've had in their field.

Kenneth C. Griffin

Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary system is a legal contrivance. Property, not money, is real wealth. It's physical, not legal.

Louis O. Kelso

We have always been a party that has had policies on everything, from education to the economy to the environment. We have always said that, if you are serious about the environment, then the policies that you need to change most are the economic policies.

Caroline Lucas

I took the obligatory economics classes in school, but I've long been a fan of the Milton Friedman philosophy and its libertarian bent: One must be free to do what one wants to do, as long as you don't harm another. This is the seminal treatise on free-market economics.