Economics

Quotations

A reader who communicates regularly sent several interesting quotations that are relevant in today’s world. Some are repeated here.

As a young person studying economics, I revered J.K. Galbraith’s witty optimism. He was the opposite of many economists, including one I had at UBC. The prof arrived late for every lecture and spoke to the class without interacting with individual students, other than to say that answers to questions could be found in the course’s main textbook. Of course, he was the author of that book.

John Kenneth Galbraith (1908-2006), born in Ontario, a Harvard professor of economics, prolific writer and, according to Paul Krugman, a policy entrepreneur. 

Young me also read H.L. Mencken’s words with enthusiasm. Looking at his work today, I see large doses of misogyny and undemocratic thinking. Mencken’s private diaries, published 25 years after his death, showed anti-Semitism, racism and pro-Nazi leanings. Yet, if one can get past some of the content, he had an admirable way of constructing words.

Henry Louis Mencken (1880-1956), an American writer, humourist and scholar:

Like other boys, I was introduced to Mark Twain at an early age. Beyond The Adventures of Tom Sawyer and Adventures of Huckleberry Finn, there was much more. Nineteenth century critics banned some of Twain’s writing as inelegant, irreligious, and “suitable only for the slums.” Schools in modern times ban some of Twain’s writing “to protect the dignity of our students.”

Bowdlerized versions of Twain are available but these change the author’s meanings. Deeply anti-racist, Mark Twain put racial epithets in the mouths of characters because they would have used those words in real life. In my opinion, he did great work.

Mark Twain 1835-1910, born Samuel Langhorne Clemens, American humourist, lecturer, author, and failed investor.

Categories: Economics, Smile

1 reply »

  1. I used to love sharing quotes with students and encouraged them to share those that tickled their meninges. I have a large file of, mostly, quips from commentators alive and dead, of many nationalities, on a range of topics, and a sampling of those constitutes my list of signature files, which topped 400 this spring. In high school, I kept a small 3-ring notebook in my back pocket to jot down reflections, song lyrics and quips, sometimes a fraught process because of the lack of copy/paste options and the narrow availability of wisdom in the general media. Today, it’s possible to wallow in witty wise bits if we choose to do so. It’s also interesting to see what gems other people choose, and how many people really couldn’t give a fig. This is mostly where confirmation bias reigns supreme, but it’s generally non-invasive, so mostly harmless.

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