A Quote by John Kenneth Galbraith
There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.
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The man who works recognizes his own product in the world that has actually been transformed by his work. He recognizes himself in it, he sees his own human reality in it he discovers and reveals to others the objective reality of his humanity of the originally abstract and purely subjective idea he has of himself
The object of leadership may be stated as having a system whereby a leader recognizes what is good for the good of the government, for the good of the nation, for the good of humanity, and recognizes the qualities he has and what he can do within his own limitations. He cannot do, and should not attempt to do, the impossible, but he should not fail to attempt something that might be extremely difficult and may be possible.
The fool who recognizes his foolishness, is a wise man. But the fool who believes himself a wise man, he really is a fool.
Is it not manifest that our academic institutions should have a wider scope; that they should not be timid and keep the ruts of the last generation, but that wise men thinking for themselves and heartily seeking the good of mankind, and counting the cost of innovation, should dare to arouse the young to a just and heroic life; that the moral nature should be addressed in the school-room, and children should be treated as the high-born candidates of truth and virtue?
The wise man is wise in vain who cannot be wise to his own advantage.
[Lat., Nequicquam sapere sapientem, qui ipse sibi prodesse non quiret.]
A wise man should consider that health is the greatest of human blessings, and learn how by his own thought to derive benefit from his illnesses.
I'm an economist by training. I don't really work as an economist. I only worked briefly as an economist.
Ownership by delegation is a contradiction in terms. When men say, for instance (by a false metaphor), that each member of the public should feel himself an owner of public property-such as a Town Park-and should therefore respect it as his own, they are saying something which all our experience proves to be completely false. No man feels of public property that it is his own; no man will treat it with the care of the affection of a thing which is his own.
His heart is a desert island.... The whole scope, the whole energy of his mind surround and protect him; his depths isolate him and guard him against the truth. He flatters himself that he is entirely alone there.... Patience, dear lady. Perhaps, one day, he will discover some footprint on the sand.... What holy and happy terror, what salutary fright, once he recognizes in that pure sign of grace that his island is mysteriously inhabited!
No man is so foolish but may give another good counsel sometimes; and no man is so wise, but may easily err, if he will take no others counsel but his own. But very few men are wise by their own counsel; or learned by their own teaching. For he that was only taught by himself had a fool to his master.
A confidence man knows he’s lying; that limits his scope. But a successful shaman ropes himself first; he believes what he says — and such belief is contagious; there is no limit to his scope.
The truth is, part of me is every age. I’m a three-year-old, I’m a five-year-old, I’m a thirty-seven-year-old, I’m a fifty-year-old. I’ve been through all of them, and I know what it’s like. I delight in being a child when it’s appropriate to be a child. I delight in being a wise old man when it’s appropriate to be a wise old man. Think of all I can be! I am every age, up to my own.
The judge who sits over the murderer and looks into his face, and at one moment recognizes all the emotions and potentialities and possibilities of the murderer in his own soul and hears the murderer's voice as his own, is at the next moment one and indivisible as the judge, and scuttles back into the shell of his cultivated self and does his duty and condemns the murderer to death.
A man's greatest care should be for that place where he lives longest; therefore eternity should be his scope.
Certainly it is no shame to a man that he should be as nice about his country as his sweetheart, yet it would not be wise to hold everyone an enemy who could not see her with our own enchanted eyes.
Anyone who has a child knows the importance of not over-playing your hand. He was up all night playing some game on his smartphone and you feel like saying that if it happens again the phone is gone. Forever. Till he is old enough to buy his own. Till then he can have your old Nokia.
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