"The individual serves the industrial system not by supplying it with savings and the resulting capital; he serves it by consuming its products."

Experience

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Insight & Reflection

The theme of experience is universal, yet John Kenneth Galbraith manages to capture its essence in a uniquely profound way. Taking a moment to internalize this can shift our mindset, reminding us that our perspective on experience often shapes our reality.

About John Kenneth Galbraith

John Kenneth Galbraith, also known as J. K. Galbraith or Ken Galbraith, was a Canadian-American economist, diplomat, public official, and intellectual. His books on economic topics were bestsellers from the 1950s through the 2000s. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective. He served as the deputy director of the powerful Office of Price Administration (OPA) during World War II in charge of stabilizing all prices, wages and rents in the American economy, to combat the threat of inflation and hoarding during a time of shortages and rationing, a task which was successfully accomplished.

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More by John Kenneth Galbraith

"Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised."

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"The modern conservative is engaged in one of man's oldest exercises in moral philosophy that is, the search for a superior moral justification for selfishness."

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More about Experience

"The educator must believe in the potential power of his pupil, and he must employ all his art in seeking to bring his pupil to experience this power."

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