Friday, October 10, 2008

"...the troubled sea of thought"

“Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.”

“It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled sea of thought.”

-John Kenneth Galbraith

John Kenneth Galbraith...scholar, economist, public official. With the global economy seemingly sliding deeper and deeper into a rut, this writer's thoughts rise to this great man. O.K., ofcourse, they went to Marx first. But while at Harvard, I was advised by Richard Parker, another scholar, economist, and Galbraith biographer, to steer from the "M" word. I last saw the eclectic Prof. Galbraith, strolling past the "COOP", in kilt and tam-o-shanter. I doubt he'd been large on the "M" word either, so I didn't roll that way. Keynes might have been a better route. Today, lets glimpse a giant of his time, and share a little tour of the economy, of Galbraith, and perhaps a little delight and inspiration. Please click on the appropriate places and enjoy!

10.02.2008 Financial Crisis: How Did We Get Here? What's Next?Event Speaker: Harvard Kennedy School's Roger Porter, Robert Glauber, Jeffery Frankel and Edward Glaeser, and the New YorkTimes' Diana HenriquesWATCH NOW

What would Galbraith do?13 comments
John Geddes wrote 1 week ago: I keep thinking about what John Kenneth Galbraith (1908-2006) would have had to say about the financ … more →

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