James K. Galbraith

Quick Facts

Full Name	James K. Galbraith
Occupation	Economist
Date Of Birth	Jan 29, 1952(1952-01-29)
Age	72
Birthplace	Gary
Country	United States
Birth City	Gary
Horoscope	Aquarius

James K. Galbraith Biography

James K. Galbraith is one of the most popular and richest Economist who was born on January 29, 1952 in Gary, Gary, United States. James Kenneth Galbraith (born January 29, 1952) is an American economist who writes frequently for the popular press on economic topics. He is currently a professor at the Lyndon B. Johnson School of Public Affairs and at the Department of Government, University of Texas at Austin. He is also a Senior Scholar with the Levy Economics Institute of Bard College and part of the executive committee of the World Economics Association, created in 2011.

In 2009, he joined the project for Soldiers of Peace, a documentary for global peace and against all wars, which has won various awards in film festivals.

Leading active members of today’s economics profession, the generation presently in their 40s and 50s, have joined together into a kind of politburo for correct economic thinking. As a general rule — as one might expect from a gentleman’s club — this has placed them on the wrong side of every important policy issue, and not just recently but for decades. They predict disaster where none occurs. They deny the possibility of events that then happen. They offer a “rape is like the weather” fatalism about an “inevitable” problem (pay inequality) that then starts to recede. They oppose the most basic, decent, and sensible reforms, while offering placebos instead. They are always surprised when something untoward (like a recession) actually occurs. And when finally they sense that some position cannot be sustained, they do not re- examine their ideas. Instead, they simply change the subject.

There is a reason for the vulnerability of empires. To maintain one against opposition requires war — steady, unrelenting, unending war. And war is ruinous — from a legal, moral and economic point of view. It can ruin the losers, such as Napoleonic France, or Imperial Germany in 1918. And it can ruin the victors, as it did the British and the Soviets in the 20th century. Conversely, Germany and Japan recovered well from World War II, in part because they were spared reparations and did not have to waste national treasure on defense in the aftermath of defeat… The real economic cost of Bush’s empire building is twofold: It diverts attention from pressing economic problems at home and it sets the United States on a long-term imperial path that is economically ruinous.

In March 2008 Galbraith used the 25th Annual Milton Friedman Distinguished Lecture to launch a sweeping attack on the Washington Consensus on free market policies, especially the monetarist version. He argued strongly that Keynesian economics offered a solution to the financial crisis that started in 2007 whereas monetarist policies would deepen the recession. Towards the end of 2008 policy makers around the world began acting in line with Galbraith’s recommendations, as part of the Keynesian resurgence described by the Financial Times as “a stunning reversal of the orthodoxy of the past several decades”.

James K. Galbraith Net Worth

James K. Galbraith is one of the richest Economist from United States. According to our analysis, Wikipedia, Forbes & Business Insider, James K. Galbraith 's net worth $5 Million. (Last Update: December 11, 2023)

From 1981 to 1982, Galbraith served on the staff of the Congress of the United States, eventually as Executive Director of the Joint Economic Committee. In 1985, he was a guest scholar at the Brookings Institution.

Galbraith’s books include Balancing Acts: Technology, Finance and the American Future, 1989 ; Created Unequal: The Crisis in American Pay, 1998 ; Inequality and Industrial Change: A Global View, 2001 , co-edited with Maureen Berner; and The Predator State, 2008 . He is the author of two textbooks – The Economic Problem (with Robert L. Heilbroner) and Macroeconomics (with William Darity Jr.)

In 2010 he edited an edition of his father’s works for the Library of America series.

Height, Weight & Body Measurements

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Who is James K. Galbraith Dating?

According to our records, James K. Galbraith is possibily single & has not been previously engaged. As of December 1, 2023, James K. Galbraith’s is not dating anyone.

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Facts & Trivia

James Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in United States. James K. Galbraith celebrates birthday on January 29 of every year.

What did John Kenneth Galbraith do?

John Kenneth Galbraith, the renowned economist, teacher and diplomat , died Saturday at the age of 97. Galbraith, who served presidents Roosevelt and Kennedy, reached a mass audience with books like The Affluent Society. He was an unabashed liberal, who believed government has a large role to play in the economy.

What did John Kenneth Galbraith criticize?

Second was Galbraith’s early thoughtful and analytic opposition to the Vietnam war. Even though Galbraith was an insider with Johnson’s administration, he criticized the war as early as 1966. After trying personally to persuade LBJ, Galbraith went public and made opposition to the war one of his causes.

Where did John Kenneth Galbraith go to college?

Education

Did John Kenneth Galbraith win the Nobel Prize?

THE Nobel award in economics is not given posthumously. So John Kenneth Galbraith, who died last month at 97, will never receive one. Yet Mr. Galbraith was the most widely read economist of the 20th century and was also considered one of the most influential.

What does Galbraith say about people who criticize government services?

“ Both scholarly and political life requires criticism of others and invite attack and reprisal ,” Galbraith writes in “A Life.” “Anyone who is initiating combat should, as a matter of elementary caution, gauge the extent and severity of the probable reaction and consider his defense.