Quote by: John Kenneth Galbraith

The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device.


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Author Bio


  • NameJohn Kenneth Galbraith
  • DescriptionAmerican diplomat
  • BornOctober 15, 1908
  • DiedApril 29, 2006
  • CountryCanada; United States Of America
  • ProfessionEconomist; Diplomat; Author; Politician; Ambassador; Educationist
  • AwardsGuggenheim Fellowship; Padma Vibhushan; Officer Of The Order Of Canada; Presidential Medal Of Freedom; Humanist Of The Year; Four Freedoms Award - Freedom From Want