Arnold Kling  

Best Line I've Read in a While

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comes from a book review of Richard Parker's biography of John Kenneth Galbraith.


LBJ threw away one of his drafts for a speech with the remark: ‘Did y’ever think, Ken, that making a speech on economics is a lot like pissing down your leg? It seems hot to you, but it never does to anyone else’

Read Skidelsky's entire piece, which also appears in the latest Journal of Economic Literature.


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TRACKBACKS (12 to date)
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The author at Tim Worstall in a related article titled Quote of the Day writes:
    Via Arnold Kling, from a book review by Robert Sidelsky:LBJ threw away one of his drafts for a speech with the remark: ‘Did y’ever think, Ken, that making a speech on economics is a lot like pissing down your leg? [Tracked on April 21, 2006 7:38 AM]
The author at Market Power in a related article titled For Someone's Office Door writes:
    Arnold Kling alerts us to a saying that certainly will be on someone's door sooner or later:LBJ threw away one of his drafts for a speech with the remark: ‘Did y’ever think, Ken, that making a speech on economics is [Tracked on April 22, 2006 5:48 PM]
The author at Houston's Clear Thinkers in a related article titled LBJ on Ee-co-nomics writes:
    Thanks to Arnold Kling for pointing out this Robert Skidelsky review of Richard Parker's new book, John Kenneth Galbraith: His Life, His Politics, His Economics (Farrar, Straus 2005), which contains the following earthy observation on economists from t... [Tracked on April 23, 2006 6:47 AM]
The author at U.S. Politics: Current Events in a related article titled Reflections on Galbraith, Political Economist writes:
    One of the most profound eulogies on the passing of John Kenneth Galbraith is written by his biographer, Richard Parker: The Galbraith I knew — and wrote about in my biography, “John Kenneth Galbraith: His, Life, His Politics, His Econom... [Tracked on May 2, 2006 1:22 AM]
COMMENTS (6 to date)
guggis writes:

BWAAAAAAAAHAHAHHAHAHHAHAHHAH, that is soo true.

dearieme writes:

"his assistant Nicky Kaldor that ‘Allied bombing..by destroying civilian enterprises, released labour for the [German] war effort’": I'd always taken that argument at face value, but now that I know that Kaldor and Galbraith were its proponents, ah hae ma doots, as Galbraith might not have said.

Charles Cox writes:

It's a darned shame economics has had such a uniformly drab image in the hearts and minds of so many.

What's the deal? Type M versus Type C? No bad guy/good guy in economics = snoozefest?

liberty writes:

>It's a darned shame economics has had such a uniformly drab image in the hearts and minds of so many.

I am convinced that its just a matter of a good writer with a very sensible approach writing a book that combines *actual* economics (not political jibberish) with common sense and readability bringing another economic renaissance; Milton Freedman, Reagan and the libertarians brought one, but another is needed to help it last through this period with the current distracted public.

john pertz writes:

Ive often wondered if Marxism's only function as an economic ideology is to try and inject politics into a science which is largely a political. If you are a political person then classical and even neo-classical economic theory is a huge road block. If the arguments contained within those doctrines is true then politics is ultimately useless as an ideology of progression. Therefore Marxist arguments that economic teaching is a way to enforce the dominant ideology is largely unsurprising.

Lisa writes:

I hear from the older generation that this kind of crassness was quite typical of LBJ. Apparently, he liked to make people follow him into the bathroom and keep them talking to him while he did number 2. He’d say something like “keep talking, I’m just going to take a dump here in the stall”.

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