Articles Archive for 5 January 2005
Quotes »
I admire John Kenneth Galbraith for the clarity of his thinking and the quality of his prose. The greatest compliment I have ever received was when Irma Adelman told me that I reminded her of John Kenneth because like him I was an old world liberal.
Here, for the record, is a quote from JKG’s book Economics, Peace and Laughter:
In a well-to-do community we cannot be much concerned over what people are persuaded to buy. The marginal utility of money is low; were it otherwise, people would not be open to …
