James K. Galbraith

Economist James K. Galbraith 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 the author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too.

Articles by this author

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Tuesday, August 23, 2016 - 12:15pm
From the Destruction of Greece to Democracy in Europe
In protesting the Treaty of Versailles ending World War I, John Maynard Keynes wrote: “The policy . . . of depriving the lives of millions of human beings, of depriving a whole nation of happiness should be abhorrent and detestable — abhorrent and detestable, even if it were possible, even if it...
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Tuesday, June 23, 2015 - 6:45am
Europe's Malpractice of Greece
A modern hospital is equipped with a variety of specialized wards. One of them is the intensive care unit, or ICU. Here go those who are especially sick and in need of the most devoted attention. The existence of the ICU recognizes that illness and operations do not affect all patients in the same...
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Tuesday, February 24, 2015 - 9:00am
Reading the Greek Deal Correctly
View image | gettyimages.com On Friday as news of the Brussels deal came through, Germany claimed victory and it is no surprise that most of the working press bought the claim. They have high authorities to quote and to rely on. Thus from London The Independent reported: several analysts agreed...
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Monday, August 8, 2011 - 10:34am
The Bad Deal
Political news travels slowly, and in my casual observation progressive Europeans have held on to the myth of Barack Obama as a good man much longer than most progressive Americans did. How could a young black American from Chicago and Harvard be otherwise?
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Tuesday, July 12, 2011 - 8:52am
Hawk Nation: A Guide to the Catastrophic Debt Ceiling Debate
President Obama’s proposed debt ceiling deal is a disastrous solution to an imaginary fiscal crisis, but the pain it causes will be all too real.
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Wednesday, January 19, 2011 - 10:48am
Actually, The Retirement Age is Too High
The most dangerous conventional wisdom in the world today is the idea that with an older population, people must work longer and retire with less. This idea is being used to rationalize cuts in old-age benefits in numerous advanced countries -- most recently in France, and soon in the United States. The cuts are disguised as increases in the minimum retirement age or as increases in the age at which full pensions will be paid.
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Thursday, December 9, 2010 - 1:17pm
Whose Side Is the White House On?
In a speech given on November 20, 2010 at the ADA Education Fund ’s Post-election Conferenc e at the Harvard Kennedy School, Galbraith asks who Obama is really working for, and demands that progressives seek leaders who will fight the good fight.
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Friday, November 5, 2010 - 1:36pm
It Was the Banks
Bruce Bartlett says it was a failure to focus. Paul Krugman says it was a failure of nerve. Nancy Pelosi says it was the economy's failure. Barack Obama says it was his own failure - to explain that he was, in fact, focused on the economy.
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Sunday, July 11, 2010 - 12:27pm
Tremble, Banks, Tremble
The financial crisis in America isn't over. It's ongoing, it remains unresolved, and it stands in the way of full economic recovery. The cause, at the deepest level, was a breakdown in the rule of law. And it follows that the first step toward prosperity is to restore the rule of law in the financial sector.
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Friday, May 1, 2009 - 8:42am
Causes of the Crisis
Texas Obervers Editor's note: These remarks were delivered to a meeting of the Texas Lyceum in Austin on April 3, at a debate between University of Texas professor James Galbraith, an Observer contributing writer, and former Majority Leader Richard Armey, chief instigator of the recent Astroturf "tea party" protests.
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