Who Said This?
"There are two sorts of forecasters. Those who don't know, and those who don't know they don't know."
John Kenneth Galbraith, who died Saturday aged 97.
Galbraith was noted for his wit and sagacity (click on image). Here is another of his quips:"If all else fails, immortality can always be achieved by a spectacular mistake."
Although Galbraith's economics left a lot to be desired (to put it mildly), he wrote very well. If only more libertarian economists had Galbraith's eloquence and wit. Two notable examples of good style and good economics are Milton Friedman's Capitalism and Freedom and David Ramsay Steele's From Marx to Mises. Read and enjoy.
David T. Beito - 5/1/2006
When it came to foreign policy, including involvement in Vietnam, Galbraith took this insight seriously.
- Arizona Historical Society soon could be history
- Yale's Donald Kagan says students need to study Western civilization
- Ken Burns on Colbert to promote his new documentary, "The Address"
- UC Santa Barbara History Department featuring a series on the Great Society at 50
- Historians are trying to recover censored texts from World War I poets