Quote by John Kenneth Galbraith

In economics the majority is always wrong.

In economics the majority is always wrong.

Summary

This quote suggests that in the field of economics, the general consensus or popular belief often tends to be inaccurate or flawed. It implies that a majority of people misinterpret or are mistaken about economic principles and trends. It highlights the importance of critically analyzing economic theories and questioning commonly held beliefs to gain a more accurate understanding of the subject.

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By John Kenneth Galbraith

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