The famous economist John Kenneth Galbraith
once said there are two types of economic forecasters: "Those who don't know, and those who don't know they don't know."
John Kenneth Galbraith
noted in 1973 that establishment economics had become the "invaluable ally of those whose exercise of power depends on an acquiescent public." If anything, economists' embrace of that role has grown stronger since then.
When Hitler came to power in January 1933, George Bernard Shaw described him as "a very remarkable man, a very able man." President Franklin Roosevelt called Mussolini "admirable," and he was "deeply impressed by what he (had) accomplished." In 1972, John Kenneth Galbraith
visited Communist China and praised Mao and the Chinese economic system.
As economist John Kenneth Galbraith
once remarked, "Under capitalism, man exploits man.
The Selected Letters of John Kenneth Galbraith
edited by Richard P.F.
Noted economists Paul Samuelson, John Kenneth Galbraith
and James Tobin were to later propose 'a national system of income guarantees and supplements.' Martin Luther King Jr.
In so doing, they follow in the steps of Thomas Paine, John Stuart Mill, and John Kenneth Galbraith
. Their topics include basic income and its cousins, history: from utopian dream to worldwide movement, whether it is ethically justifiable: free riding versus fair shares, and viability in the global era: multi-level basic income.
Vermontian to the marrow, soaked in the ethos of direct democracy, playful (they paraded and put on subversive puppet shows) and yet thoughtful enough to have won the enthusiastic approbation of George Kennan and John Kenneth Galbraith
, these Green Mountain Boys and Girls didn't achieve divorce, but they did give us an alluring glimpse of the shape that hope takes in a darkening empire.
Prefacing his comments with a John Kenneth Galbraith
quote -- "the job of economic forecasters is to make astrology seem respectable" -- Vikas Oswal of Advisor Partners argued in a speech Thursday that oil price volatility is likely to continue, but for advisors, there are investing opportunities that will benefit their clients amid the volatility.
Some of the illustrious contributors who've helped us do so--and who don't appear on the cover or elsewhere in this anniversary issue--include (in no particular order): Gene Roddenberry, Linus Pauling, Margaret Sanger, Howard Zinn, Martin Luther King Jr., Alice Walker, Bertrand Russell, John Dewey, Margaret Atwood, Jack Kevorkian, Annie Laurie Gaylor, Isaac Asimov, John Kenneth Galbraith
, Sidney Hook, Kurt Vonnegut, A.
John Kenneth Galbraith
a Canadian and, later, American economist, public official, and diplomat, and a leading proponent of 20th-century American liberalism is quoted as saying: All successful revolutions are the kicking in of a rotten door.
The classic quote from John Kenneth Galbraith
was that economists' predictions are there primarily to make astrologists look good.