James K. Galbraith

Template:Short description Template:Use American English Template:Use mdy dates Template:Infobox academic James Kenneth Galbraith (born January 29, 1952) is an American economist. He is 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.

Background

Galbraith is a son of the renowned Canadian-American economist John Kenneth Galbraith and Catherine Galbraith (née Catherine Merriam Atwater), and is the brother of the former diplomat, commentator and 2016 Vermont gubernatorial candidate Peter W. Galbraith. He earned his B.A., magna cum laude, from Harvard College in 1974 and Ph.D. from Yale University in 1981, both in economics. From 1974 to 1975, Galbraith studied as a Marshall Scholar at King's College, Cambridge.<ref name=home>Template:Citation.</ref>

Career

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.<ref name=home/> In 1985, he was a guest scholar at the Brookings Institution.<ref name=home />

Galbraith is a professor at the Lyndon B. Johnson School of Public Affairs and at the Department of Government, University of Texas at Austin. Galbraith heads up the University of Texas Inequality Project (UTIP), which has been described by economic historian Lord Skidelsky as "pioneering inequality measurement".<ref name = "return">Template:Cite book</ref> UTIP promotes the Theil index over the Gini coefficient as a measurement for comparing inequality between groups, regions and countries.<ref name = "return" />

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.<ref>Template:Cite web</ref> He argued strongly that Keynesian economics offered a solution to the 2008 financial crisis, whereas monetarist policies would deepen the recession. Towards the end of 2008 and into 2009, many policymakers around the world increased government spending and/or cut taxes, arguably in line with Galbraith's views, as part of the Keynesian resurgence described by the Financial Times as "a stunning reversal of the orthodoxy of the past several decades".<ref>Template:Cite web</ref>

In 2010, Galbraith edited an edition of his father's works for the Library of America series.<ref>Template:Citation</ref>

Writings

Galbraith's books include Template:Citation; Template:Citation; Template:Citation, co-edited with Maureen Berner; and Template:Citation. He is the author of two textbooks – Template:Citation (with Robert L. Heilbroner) and Template:Citation (with William Darity Jr.) He also contributes a column to Template:Citation and writes regularly for Template:Citation, Template:Citation, Template:Citation, and Template:Citation. His op-ed pieces have appeared in Template:Citation, Template:Citation, Template:Citation and other newspapers. Galbraith argues that modern America has fallen prey to a wealthy, government-controlling "predatory class". He said:Template:Blockquote

Galbraith is highly critical of the George W. Bush administration's foreign policy apropos of the 2003 invasion of Iraq. He stated: Template:Blockquote

Much like his father in writing A Tenured Professor, the junior Galbraith is a critic of his own profession. He wrote: Template:Blockquote

Humanitarian initiatives

Galbraith is the chairman of Economists for Peace and Security, formerly known as Economists Against the Arms Race and later Economists Allied for Arms Reduction (ECAAR), an international association of professional economists concerned with peace and security issues. 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.<ref>Template:Cite web</ref><ref>Template:Cite web</ref>

Books

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External links

• Template:Citation, with an archive of his papers.
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