The brain simply believes what you tell it most… And what you tell it about yourself is what it will create. It has no choice.
John Kenneth Galbraith Quotes
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free enterprises and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.
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| Birth: | 15th October, 1908 |
| Death: | 29th April, 2006 |
| Nationality: | American |
| Profession: | Economist |
About
John Kenneth Galbraith, also known as Ken Galbraith was born in Iona Station, Ontario, Canada. He was an American economist and diplomat. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective. He served as United States Ambassador to India under the Kennedy administraton. In 1931, he earned a BS degree in Agriculture from Ontario Agricultural College, the University of Toronto. He earned an MS degree in 1932, and received his PhD in agricultural economics in 1934 both from the University of California at Berkeley. He served as professor at Harvard University and Princeton University. He served as an editor of Fortune magazine. He wrote several books include: A Theory of Price Control, American Capitalism, The Affluent Society, The New Industrial State, Economics and the Public Purpose, and A History of Economics. He served as the President of American Economic Association. He was one of the few to receive both the Medal of Freedom in 1946 and the Presidential Medal of Freedom in 2000 for his public service and contributions to science.
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