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, July 25, 2017
A Refutation of Neoliberalism's Defenders in Ecuador
In March, more than fifty economists signed onto an open letter , written by professors Ha-Joon Chang of the University of Cambridge and James K. Galbraith of the University of Texas at Austin, ahead of this year’s presidential elections in Ecuador. The letter noted: Over the past ten years,...
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Sunday, March 26, 2017
50+ Economists Warn Against Neoliberalism's Return in Ecuador
Over the past ten years, Ecuador has achieved major economic and social advances. We are concerned that many of these important gains in poverty reduction, wage growth, reduced inequality, and greater social inclusion could be eroded by a return to of the policies of austerity and neoliberalism...
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Tuesday, August 23, 2016
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
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
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 08, 2011
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
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
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 09, 2010
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 05, 2010
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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