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None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter good economists who are difficult writers even though some of the best have been very good writers. He should know, moreover, that at least for a few great men ambiguity of expression has been a positive asset. But with these exceptions he may safely conclude that what is wholly mysterious in economics is not likely to be important.


John Kenneth Galbraith


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Did you know about John Kenneth Galbraith?

His work included several best selling works throughout the fifties and sixties. He further believed that market power played a major role in inflation and argued that corporations and trade unions could only increase prices to the extent that their market power allowed them to. The growing concern focused on the role of the corporation in politics the damage done to the natural environment by an unmitigated commitment to economic growth and the perversion of advertising and other pecuniary aspects of culture.

Galbraith was active in Democratic Party politics serving in the administrations of Franklin D. Galbraith was a prolific author who produced four dozen books and over a thousand articles on various subjects. Truman John F.

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