The Philosopher
John Kenneth Galbraith
The face
The background
- Nationality:
- Canadian-American
- Schools:
- Institutional Economics
- Period:
- 20th century
The synopsis
John Kenneth Galbraith (1908–2006) was a prominent Canadian-American economist, diplomat, public official, and intellectual, known for his influential and accessible writings on economic and social issues. He held a professorship at Harvard University for half a century and was a key figure in post-Keynesian and institutionalist economics. During World War II, he served as deputy administrator of the Office of Price Administration, playing a crucial role in controlling inflation. Galbraith was actively involved in Democratic Party politics, serving in the administrations of Franklin D. Roosevelt, Harry S. Truman, John F. Kennedy, and Lyndon B. Johnson. Notably, he served as the U.S. Ambassador to India under President Kennedy. His prolific writing career produced numerous best-selling books, including "The Affluent Society," "The New Industrial State," and "The Great Crash, 1929," which explored themes of consumerism, corporate power, and economic cycles. He was a vocal critic of the Vietnam War and advocated for social justice and public investment. Galbraith received numerous honors, including the Presidential Medal of Freedom and the Order of Canada, and his work continues to influence economic and social thought.
The works
American Capitalism: The Concept of Countervailing Power
The Great Crash, 1929
The Affluent Society
The New Industrial State
Economics and the Public Purpose
The Age of Uncertainty
A Short History of Financial Euphoria
The Economics of Innocent Fraud