A Quote by John Kenneth Galbraith

The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are. — © John Kenneth Galbraith
The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
History should be to the political economist a wellspring of experience and wisdom.
I'm an economist by training. I don't really work as an economist. I only worked briefly as an economist.
Lucy was suffering from the most grievous wrong which this world has yet discovered: diplomatic advantage had been taken of her sincerity, of her craving for sympathy and love. Such a wrong is not easily forgotten. Never again did she expose herself without due consideration and precaution against rebuff. And such a wrong may react disastrously upon the soul.
I have been the victim of many of the injustices that women who are my clients have had. That is how I understand how this is impacting their lives economically, psychologically, often physically. It's all personal. For me, if one woman is denied her rights, we're all being denied our rights.
If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist.
It's a very salutary thing to realize that the rather dull universe in which most of us spend most of our time is not the only universe there is. I think it's healthy that people should have this experience.
I tell you, I've always been quite physical about acting. I've always felt about for the shape of someone or the deportment, for better or worse. Sometimes I think I've done it disastrously, and other times, when I'm not thinking about it so much, less disastrously, but I can't seem to control it much.
There are countless fantastic actors out there who are being denied the opportunity to play Broadway because they're not a name, and I think that's kind of wrong.
There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.
What do you call an economist with a prediction? Wrong.
I've got mates who have got married through meeting on Internet dating sites, so it really can work out - even if sometimes it does go disastrously wrong.
No parent should be denied from their Scouting - their son's Scouting experience simply because those parents happen to be gay.
I'm not a statistician, but it doesn't take a genious to work out that 100 million children being denied an education is ridiculous. There is nothing lost in translation here, it's obvious that's wrong.
Many books serve merely to show how many ways there are of being wrong, and how far astray you yourself would go if you followed their guidance. You should read only when your own thoughts dry up.
The tactics that the Trump administration are using on the streets of Portland are abhorrent. People are being literally scooped off the street into unmarked vans, rental cars, apparently. They are being denied probable cause. And they are denied due process. They don't even know who's pulling them into the vans.
True respect means taking other people's beliefs seriously and assuming they are adult and intelligent enough to be able to cope with it if you tell them, clearly and civility, why you think they are totally, utterly and disastrously wrong.
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