"We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much."

Money

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Insight & Reflection

The theme of money 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 money 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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"We have an obligation and a responsibility to be investing in our students and our schools. We must make sure that people who have the grades, the desire and the will, but not the money, can still get the best education possible."

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