A Quote by John Kenneth Galbraith

The only function of economic forecasting is to make astrology look respectable. — © John Kenneth Galbraith
The only function of economic forecasting is to make astrology look respectable.
Economics exists to make astrology look respectable.
The chief function of stock-market forecasters is to make astrologers look respectable.
Astrology is knocking at the gates of our universities: A Tübingen professor has switched over to astrology and a course on astrology was given at Cardiff University last year. Astrology is not mere superstition but contains some psychological facts (like theosophy) which are of considerable importance. Astrology has actually nothing to do with the stars but is the 5000-year-old psychology of antiquity and the Middle Ages.
Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That's how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them.
The vast difference between astrology and other sciences, if I may put it thus, is that astrology deals not with facts but with profundities. The solid ground on which the scientist pretends to rest gives way, in astrology, to imponderables.
Computer modelling for weather forecasting, and indeed for climate forecasting, has reached its limits.
Astrology ... makes vague predictions that can always be adapted after the fact to fit observations, as we'll see. Astrologers don't seek causes at all, for a good reason: There isn't any cause to astrology. If you look for some underlying reason, some connection between the stars and planets and our lives, you won't find any. For astrology to sell, buyers must not seek out the fundamental principles behind it, because if they do they'll see that there is none.
We're not very good at forecasting, and we don't know how to measure the impact of economic policy.
The pseudoscience of astrology has no place in magick. Astrology has already died twice: once with the classical gods, and a second time after the Enlightenment. The complete failure of contemporary psychology to create anything other than a vocabulary of intellectual rubbish has encouraged astrology to resurface.
Society has never barred women from bread-winning roles, but only from economic roles that are profitable and respectable.
Economic forecasting has actually got pretty good over the years, though admittedly, we don't always get it right.
Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.
Makeup should have one function only - to make you look better, to make you more attractive...Makeup is a luxury, so it should be fun...Making up is like telling yourself a secret.
The importance of the End of time is as ... a psychological event ... When you have seen the radiance of eternity through all the forms of time ... and it is the function of art to make that visible to you ... then you have really have ended life in the world as it is lived by those who only think only in the historical, concretizing terms. This is the function of mythology.
Astrology is a science in itself and contains an illuminating body of knowledge. It taught me many things and I am greatly indebted to it. Geophysical evidence reveals the power of the stars and the planets in relation to the terrestrial. In turn, astrology reinforces this power to some extent. This is why astrology is like a life-giving elixir to mankind.
In most companies people make a specific contribution to the company in their function. But it is not expressed in terms of profit, only in terms of performing their function better.
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