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John Kenneth Galbraith
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John Kenneth Galbraith

John Kenneth Galbraith (born October 15, 1908) is something of an iconoclast among North American economists: he is an "old-fashioned" Keynesian with progressive values and a gift for writing accessible, popular books on economic topics in which he takes delight in describing ways in which economic theory does not always mesh with real life.

Galbraith was born in Iona Station, Ontario, Canada. He graduated from the University of Toronto and then got an M.S and Ph.D from the University of California, Berkeley.

During World War II, Galbraith served a tenure as deputy head of the Office of Price Administration. After the war, he became an advisor to post-war administrations in Germany and Japan.

In 1949, Galbraith was appointed professor of economics at Harvard University. He also served as editor of Fortune

He was a friend of President John F. Kennedy and was appointed by Kennedy as U.S. ambassador to India from 1961 to 1963. There he attempted to aid the Indian government with developing its economy.

Table of contents
1 Works
3 Partial bibliography
4 External Links


In American Capitalism: The concept of countervailing power a seminal work published in 1952, Galbraith outlines how the American economy in the future would be managed by a triumvirate of big business, big labour, and an activist government. He contrasted this with the previous pre-depression era where big business had free rein over the economy.

In another work, The Affluent Society, which became a bestseller, Galbraith outlines how to be successful the United States would need to make large public investments in items such as highways and education. In The New Industrial State (1967), he argues that very few industries in the United States fit the model of perfect competition. In A Short History of Financial Euphoria (1990), he traces financial bubbles through several centuries, and cautions that what currently seems to be "the next great thing" may not be that great and may have quite irrational factors promoting it.

Galbraith's son, James K. Galbraith, is also a prominent economist.


Partial bibliography

External Links

This text is part of the Liberalism series (IV): Liberal thinkers
Liberalism I - Liberalism in countries II - Liberal parties III - Liberal thinkers IV Introduction article

These thinkers had an important influence on the development of liberal thinking:
Baruch Spinoza | John Locke | Voltaire | Benjamin Franklin | David Hume | Jean-Jacques Rousseau | Denis Diderot | Adam Smith | Charles de Montesquieu | Immanuel Kant | Thomas Paine | Thomas Jefferson | Marquis de Condorcet | Jeremy Bentham | Benjamin Constant | Wilhelm von Humboldt | James Mill | Johan Rudolf Thorbecke | Frédéric Bastiat | Alexis de Tocqueville | John Stuart Mill | Herbert Spencer | Thomas Hill Green | Ludwig Joseph Brentano | Tomáš Garrigue Masaryk; | Émile Durkheim | Friedrich Naumann | Max Weber | Leonard Trelawny Hobhouse | Benedetto Croce | Walther Rathenau | William Beveridge | Ludwig von Mises | John Maynard Keynes | José Ortega y Gasset | Salvador de Madariaga | Wilhelm Röpke | Bertil Ohlin | Friedrich August von Hayek | Karl Raimund Popper | John Hicks | Raymond Aron | John Kenneth Galbraith | Isaiah Berlin | James M. Buchanan | John Rawls | Ralf Dahrendorf | Karl-Hermann Flach | Ronald Dworkin | Richard Rorty | Amartya Sen | Hernando de Soto | William Kymlicka | Dirk Verhofstadt

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