Link to Profile Semperoper, Dresden Sieg (auf dem Siegesäule), Berlin Brandenburg Tor, Berlin Skyline, Frankfurt am Main

Monday, May 01, 2006

John Kenneth Galbraith, RIP

The noted Economist, Harvard University Professor, Author, and Canadian, aged 97, passed away on Saturday evening.

He was indeed a significant influencer of modern economic thought among policy-makers in the USA from the 1950's through the 1970's.

Best quote: "Economics is extremely useful as a form of employment for economists."

Most telling quote: "Among all the world's races, some obscure Bedouin tribes possibly apart, Americans are the most prone to misinformation. This is not the consequence of any special preference for mendacity, although at the higher levels of their public administration that tendency is impressive. It is rather that so much of what they themselves believe is wrong."

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