JK Galbraith, one of the greatest economists of the 20th century, died today. The Guardian covers this in a formal obituary and an article containing these three, together with more, quotes.

The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the justification for selfishness.

The only function of economic forecasting is to make astrology look respectable.

It is a well known…..fact that America’s founding fathers did not like taxation without representation. It is a lesser known and equally important fact that they did not much like taxation with representation.

These show his wit and cleverness. He was the author of “The Affluent Society” and “The Culture of Contentment”, both critiques of American capitalism and society.


Originally posted on my sun/oracle blog, republished here in March 2016.

J. K. Galbraith – R.I.P.
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