In 1929 the discovery of the wonders of the geometric series struck Wall Street with a force comparable to the invention of the wheel.
~ John Kenneth Galbraith
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Category Archives: 2059 – Quote Unquote
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Failure in the management of practical affairs seems to be a qualification for success in the management of public affairs.
~ Eric Hoffer
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Our wretched tragedies have a smell of the office clinging to them, and the blood that trickles from them is the color of printer’s ink.
~ Albert Camus
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As you live out your desolation, you can be either unhappy or happy. Having that choice is what constitutes your freedom.
~ Milan Kundera
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The tug of war between conservatives and progressives can only affect the speed, not the direction, of contemporary developments.
~ Friedrich Hayek
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It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
~ John Kenneth Galbraith
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Dreaming is not merely an act of communication; it is also an aesthetic activity, a game of the imagination, a game that is a value in itself.
~ Milan Kundera
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That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplifications of our culture.
~ John Kenneth Galbraith
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In the sunset of dissolution, everything is illuminated by the aura of nostalgia.
~ Milan Kundera
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In trying to construct a society that maximized talent, James Conant and his peers were governed by the common assumptions of the era: Intelligence, that highest human trait, can be measured by standardized tests and the ability to do well in school from ages 15 to 18. Universities should serve as society’s primary sorting system, segregating the smart from the not smart. Intelligence is randomly distributed across the population, so sorting by intelligence will yield a broad-based leadership class.
~ David Brooks
via How the Ivy League Broke America
published by The Atlantic
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