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 …

Our present education system is teacher-centric. It is easy to understand why it is so if you consider that it has historically been very expensive to gain and transmit knowledge. Information — the foundation upon which knowledge rests –was in limited supply. A teacher, together with a limited set of books, was the knowledge base which anchored the education process. The teacher was the active agent, communicating information to the students, the passive receptors of information. Learning by rote was the method most favored because the information was largely disjointed …