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John Kenneth Galbraith: The Economic Legacy

Edited by Stephen Dunn

Routledge – 2012 – 1,756 pages

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    978-0-415-60333-1
    August 20th 2012

Description

One hundred years after his birth, J. K. Galbraith’s The Great Crash 1929 is again on the bestseller lists. And in the current financial and economic tumult, familiar Galbraithian concerns—such as the power and dominance of overweening corporations, national and global poverty, and the careless destruction of the natural environment—once again loom large in the public consciousness.

Galbraith’s contemporaries included such towering intellects as Paul Samuelson, Robert Solow, Milton Friedman, Wassily Leontief, Simon Kuznets, James Meade, Nicolas Kaldor, and Joan Robinson. These intellectual giants took Galbraith and his ideas seriously. Today, however, Galbraith remains professionally unpopular, and many economists have either forgotten his contribution, or fail sufficiently to acknowledge their intellectual debt to him.

This new four-volume collection from Routledge remedies this failing by highlighting Galbraith’s centrality to the crucial economic debates of the second half of the twentieth century. The collection has been designed to acquaint the user to Galbraith’s economics and his vision of the economic process; to contribute to the long overdue re-evaluation of Galbraith’s place in the study of economics; and to help establish new directions for future research in the Galbraithian tradition.

The collection reproduces J. K. Galbraith’s major theoretical economic contributions including: Galbraith’s original—but largely ignored—contribution to the theory of the firm, which shares many similarities with the work of Ronald Coase and Oliver Williamson; his monetary economics (which embodies elements of both Keynes and the new consensus in macroeconomics); and Galbraith’s exploration of financial euphoria, which predates Robert Shiller’s analysis of ‘irrational exuberance’.

The set also brings together the critical and professional reactions to American Capitalism, The Affluent Society, The New Industrial State, and Economics and the Public Purpose, with an additional focus on more recent assessments which identify Galbraith’s deeper theoretical contributions and highlight its contemporary relevance.

J. K. Galbraith: The Economic Legacy is edited by Stephen P. Dunn, a leading scholar in the field. The collection is fully indexed and has a comprehensive introduction, newly written by the editor, which places the material in its intellectual context. It is an essential work of reference and is destined to be valued by scholars and students as a vital one-stop research resource.

Contents

cONTENTS

Volume I: THE LARGE FIRM, KEYNESIANISM, PRICE CONTROL, AND ECONOMIC DEVELOPMENT

Part 1: The Emergence of the Large Firm

1. J. K. Galbraith and J. D. Black, ‘The Quantitative Position of Marketing in the United States’, Quarterly Journal of Economics, 1935, 49, 3, 394–413.

2. J. K. Galbraith, ‘Monopoly Power and Price Rigidities’, Quarterly Journal of Economics, 1936, 50, 3, 456–75.

3. J. K. Galbraith, ‘Rational and Irrational Consumer Preference’, Economic Journal, 1938, 48, 190, 336–42.

4. J. K. Galbraith, ‘Monopoly and the Concentration of Economic Power’, in H. E. Ellis (ed.), A Survey of Contemporary Economics (Blakiston Company, 1949).

5. J. K. Galbraith, ‘The Defense of Business: A Strategic Appraisal’, Harvard Business Review, 1954, 32, 2, 37–43.

Part 2: Early Keynesianism

6. J. K. Galbraith and J. D. Black, ‘The Maintenance of Agricultural Production During the Depression’, Journal of Political Economy, 1938, 46, 4, 305–23.

7. J. K. Galbraith, ‘Fiscal Policy and the Employment–Investment Controversy’, Harvard Business Review, 1939, 18, 1, 24–34.

8. ‘General Summary’, The Economic Effects of the Federal Public Works Expenditures, 1933–1938 (National Resources Planning Board, Washington, DC, 1940).

Part 3: Price Control

9. A. H. Hansen, ‘Defense Financing and Inflation Potentialities’, Review of Economics and Statistics, 1941, 23, 2, 1–7.

10. J. K. Galbraith, ‘The Selection and Timing of Inflation Controls’, Review of Economic Statistics, 1941, 23, 2, 82–5.

11. A. H. Hansen, ‘Some Additional Comments on the Inflation Symposium’, Review of Economics and Statistics, 1941, 23, 2, 91–3.

12. J. K. Galbraith, ‘Price Control: Some Lessons from the First Phase’, American Economic Review, 1943, 33, 1, 253–9.

Part 4: A Theory of Price Control: Defence and Debate

13. J. K. Galbraith, ‘Reflections on Price Control’, Quarterly Journal of Economics, 1946, 60, 4, 475–89.

14. J. K. Galbraith, ‘The Disequilibrium System’, American Economic Review, 1947, 37, 3, 287–302.

15. J. K. Galbraith, ‘The Strategy of Direct Control in Economic Mobilization’, Review of Economic Statistics, 1951, 33, 1, 12–17.

16. G. C. Allen, ‘A Theory of Price Control’, Economic Journal, 1953, 63, 402–4.

17. J. K. Galbraith, ‘Market Structure and Stabilization Policy’, Review of Economics and Statistics, 1957, 39, 2, 124–33.

18. R. Solomon, ‘Galbraith on Market Structure and Stabilization Policy’, Review of Economics and Statistics, May 1958, 164–7.

19. J. K. Galbraith, ‘Galbraith on Market-Structure and Stabilization Policy: Comment’, Review of Economics and Statistics, 1958, 40, 2, 168.

20. A. Meltzer, ‘A Comment on Market Structure and Stabilization Policy’, Review of Economics and Statistics, November 1958, 413–15.

21. J. K. Galbraith, ‘A Comment on Market Structure and Stabilization Policy: Reply’, Review of Economics and Statistics, 1958, 40, 4, 415–16.

Part 5: A Theory of Price Control: Critical Commentaries

22. D. Colander, ‘Galbraith and the Theory of Price Control’, Journal of Post-Keynesian Economics, 1984, 7, 1, 30–42.

23. S. Laguerodie and F. Vergara, ‘The Theory of Price Controls: John Kenneth Galbraith’s Contribution’, Review of Political Economy, 2008, 20, 4, 569–93.

Part 6: The Economics of War

24. J. K. Galbraith, ‘Germany was Badly Run’, Fortune, 1945, 32, 6, 173–200.

25. J. K. Galbraith, Recovery in Europe (National Planning Association, Washington, DC, 1946).

26. P. A. Baran and J. K. Galbraith, ‘Professor Despres on Effects of Strategic Bombing on the German War Economy’, Review of Economic Statistics, 1947, 29, 2, 132–4.

Part 7: Economic Development

27. J. K. Galbraith and C. S. Solo, ‘Puerto Rican Lessons in Economic Development’, Annals of the American Academy of Political and Social Science, 1953, 285, 55–9.

28. J. K. Galbraith, ‘The Underdeveloped Country: Author’s Introduction’, in John Kenneth Galbraith, Paul Goodman, Jane Jacobs, Eric W. Kierans, and Martin Luther King Jr. (eds.), The Lost Massey Lectures: Recovered Classics from Five Great Thinkers (House of Anansi Press Inc, 1965).

29. J. K. Galbraith, ‘The Underdeveloped Country—Lecture 1: Underdevelopment and Social Behavior’, in John Kenneth Galbraith, Paul Goodman, Jane Jacobs, Eric W. Kierans, and Martin Luther King Jr. (eds.), The Lost Massey Lectures: Recovered Classics from Five Great Thinkers (House of Anansi Press Inc, 1965).

30. J. K. Galbraith, ‘The Underdeveloped Country—Lecture 2: Underdevelopment and Social Behavior (Continued)’, in John Kenneth Galbraith, Paul Goodman, Jane Jacobs, Eric W. Kierans, and Martin Luther King Jr. (eds.), The Lost Massey Lectures: Recovered Classics from Five Great Thinkers (House of Anansi Press Inc, 1965).

31. J. K. Galbraith, ‘The Underdeveloped Country—Lecture 3: Cause and Classification’, in John Kenneth Galbraith, Paul Goodman, Jane Jacobs, Eric W. Kierans, and Martin Luther King Jr. (eds.), The Lost Massey Lectures: Recovered Classics from Five Great Thinkers (House of Anansi Press Inc, 1965).

32. J. K. Galbraith, ‘The Underdeveloped Country—Lecture 4: Cause and Classification (Continued)’, in John Kenneth Galbraith, Paul Goodman, Jane Jacobs, Eric W. Kierans, and Martin Luther King Jr. (eds.), The Lost Massey Lectures: Recovered Classics from Five Great Thinkers (House of Anansi Press Inc, 1965).

33. J. K. Galbraith, ‘The Underdeveloped Country—Lecture 5: A Differential Prescription’, in John Kenneth Galbraith, Paul Goodman, Jane Jacobs, Eric W. Kierans, and Martin Luther King Jr. (eds.), The Lost Massey Lectures: Recovered Classics from Five Great Thinkers (House of Anansi Press Inc, 1965).

34. J. K. Galbraith, ‘A Positive Approach to Economic Aid’, Foreign Affairs, 1961, 39, 3, 445–57.

35. J. Adams, ‘Galbraith on Economic Development’, Journal of Post-Keynesian Economics, 1984, 7, 1, 91–102.

36. J. Peach, ‘Galbraith and the Problem of Uneven Development’, Journal of Economic Issues, 2008, 42, 25–35.

VOLUME II: AMERICAN CAPITALISM, AVARICE AND AFFLUENCE

Part 8: American Capitalism: Defence and Debate

37. J. Robinson, ‘American Capitalism: The Concept of Countervailing Power by John Kenneth Galbraith’, Economic Journal, 1952, 62, 248, 925–8.

38. A. A. Berle, ‘American Capitalism’, Review of Economics and Statistics, February 1953, 81–4.

39. W. Adams, ‘Competition, Monopoly and Countervailing Power’, Quarterly Journal of Economics, 1953, 67, 4, 469–92.

40. S. N. Whitney, ‘Errors in the Concept of Countervailing Power’, Journal of Business, October 1953, 238–53.

41. J. K. Galbraith, ‘Countervailing Power’, American Economic Review, 1954, 44, 2, 1–6.

42. G. J. Stigler, ‘The Economist Plays with Blocs’, American Economic Review, 1954, 44, 2, 7–14.

43. J. P. Miller, ‘Competition and Countervailing Power: Their Roles in the American Economy’, American Economic Review, 1954, 44, 15–25.

44. D. M. Wright, ‘Discussion’, American Economic Review, 1954, 44, 26–34.

45. A. Schweitzer, ‘A Critique of Countervailing Power’, Social Research, 1954, 21, 353–85.

46. A. Hunter, ‘Notes on Countervailing Power’, Economic Journal, 1958, 68, 269, 89–103.

47. J. K. Galbraith, ‘Mr. Hunter on Countervailing Power: A Comment’, Economic Journal, 1959, 69, 273, 168–70.

Part 9: Countervailing Power: Critical Commentaries

48. A. Schweitzer, ‘Countervailing Power Revisited’, Journal of Economic Issues, 1980, 14, 4, 999–1018.

49. P. W. Dobson and M. Waterson, ‘Countervailing Power and Consumer Prices’, Economic Journal, 1997, 107, 418–30.

50. Z. Chen, ‘Dominant Retailers and the Countervailing Power Hypothesis’, RAND Journal of Economics, 2003, 34, 612–25.

Part 10: Money and Speculation

51. J. K. Galbraith, ‘The Days of Boom and Bust’, American Heritage, 1958, 28–33, 101–2.

52. J. K. Galbraith, ‘The Balance of Payments: A Political and Administrative View’, Review of Economic Statistics, 1964, 46, 2, 115–22.

53. J. K. Galbraith, ‘1929 and 1969: Financial Genius is a Short Memory and a Rising Market’, Harper’s, 1969, 239, 1434, 55–62.

54. E. N. White, ‘The Stock Market Boom and Crash of 1929 Revisited’, Journal of Economic Perspectives, 1990, 4, 67–83.

55. C. G. Leathers and J. P. Raines, ‘John Kenneth Galbraith’s Contributions to the Theory and Analysis of Speculative Financial Markets’, Review of Political Economy, 2008, 20, 4, 551–68.

56. P. Davidson and S. P. Dunn, ‘J. K. Galbraith and the Nature of Modern Money’, Review of Political Economy, 2008, 20, 4, 501–26.

Part 11: The Affluent Society and Social Imbalance

57. J. K. Galbraith, ‘How Much Should a Country Consume’, in J. K. Galbraith, H. Jarrett, and R. F. T. Future (eds.), Perspectives on Conservation: Essays on America’s Natural Resources (Johns Hopkins Press, 1958).

58. J. K. Galbraith, ‘The Social Balance’, Educational Record, 1959, 40, 3, 183–8.

59. J. K. Galbraith, ‘Economics and the Quality of Life’, Science, 1964, 145, 3628, 117–23.

Part 12: The Affluent Society: Reviews and Reactions

60. R. Vining, ‘The Affluent Society’, American Economic Review, 1959, 49, 1, 112–19.

61. C. A. Zeboot, ‘Economics of Affluence’, Review of Social Economy, September 1959, 112–25.

62. H. G. Johnson, ‘The Consumer and Madison Avenue’, Current Economic Comment, 1960, 22, 3, 3–10.

63. F. A. von Hayek, ‘The Non Sequitur of the Dependence Effect’, Southern Economic Journal, 1961, 27, 346–8.

64. C. R. McConnell, ‘Social Imbalance: Where Do We Stand?’, Quarterly Review of Business and Economics, May 1961, 6–23.

65. J. R. Stanfield, ‘The Affluent Society After Twenty-Five Years’, Journal of Economic Issues, September 1983, 589–607.

66. R. Heilbroner, ‘Rereading The Affluent Society’, Journal of Economic Issues, June 1989, 367–77.

Volume III: THE NEW INDUSTRIAL STATE, THE BIMODAL VIEW, AND REACTION TO ‘MOVEMENT CONSERVATISM’

Part 13: The New Industrial State: Reith Lectures

67. J. K. Galbraith, ‘The New Industrial State, Reith Lectures: Lecture 1’, The Listener, 1966, LXXVI, 1964, 711–14.

68. J. K. Galbraith, ‘The Modern Corporation, Reith Lectures: Lecture 2’, The Listener, 1966, LXXVI, 1965, 755–8.

69. J. K. Galbraith, ‘Control of Prices and People, Reith Lectures: Lecture 3’, The Listener, 1966, LXXVI, 1966, 793–5, 812.

70. J. K. Galbraith, ‘The Role of the State, Reith Lectures: Lecture 4’, The Listener, 1966, LXXVI, 1967, 841–3, 853.

71. J. K. Galbraith, ‘The Bearing on Socialist Development, Reith Lectures: Lecture 5’, The Listener, 1966, LXXVI, 1968, 881–4.

72. J. K. Galbraith, ‘The Cultural Impact, Reith Lectures: Lecture 6’, The Listener, 1966, LXXVI, 1969, 915–18.

Part 14: The New Industrial State: Defence and Debate

73. R. M. Solow, ‘The New Industrial State, or Son of Affluence?’, The Public Interest, 1967, 9, 100–8.

74. J. K. Galbraith, ‘A Review of a Review’, The Public Interest, 1967, 9, 109–18.

75. R. M. Solow, ‘Rejoinder’, The Public Interest, 1967, 9, 118–19.

76. R. Marris, ‘Galbraith, Solow, and the Truth About Corporations’, The Public Interest, 1968, 11, 37–46.

77. R. Solow, ‘The Truth Further Redefined: A Comment on Marris’, The Public Interest, 1968, 11, 47–52.

78. S. Gordon, ‘The Close of the Galbraithian System’, Journal of Political Economy, 1968, 76, 4, 635–44.

79. J. K. Galbraith, ‘Professor Gordon on "The Close of the Galbraithian System"’, Journal of Political Economy, 1969, 77, 4, 494–503.

80. S. Gordon, ‘The Galbraithian System: Rejoinder’, Journal of Political Economy, 1969, 76, 4, 635–44.

81. J. K. Galbraith, ‘Economics as a System of Belief’, American Economic Review, 1970, 60, 2, 469–78.

82. H. Demsetz, ‘Discussion’, American Economic Association, 1970, 60, 2, 481–4.

83. E. Goldston, ‘Discussion’, American Economic Association, 1970, 60, 2, 479–81.

84. J. K. Galbraith, ‘Power and the Useful Economist’, American Economic Review, 1973, 63, 1, 1–11.

85. J. K. Galbraith, ‘Time and the New Industrial State’, American Economic Review, 1988, 78, 2, 373–6.

86. B. Bluestone, R. M. Solow, and F. M. Scherer, ‘Time and the New Industrial State: Discussion’, American Economic Review, 1988, 78, 2, 377–82.

87. J. K. Galbraith, ‘A Look Back: Affirmation and Error’, Journal of Economic Issues, 1989, 23, 2, 413–16.

Part 15: The New Industrial State: Reviews and Reactions

88. I. Kristol, ‘Professor Galbraith’s New Industrial State’, Fortune, July 1967, 190–5.

89. M. Zinkin, ‘Galbraith and Consumer Sovereignty’, Journal of Industrial Economics, 1967, 16, 1, 1–9.

90. J. E. Meade, ‘Is "The New Industrial State" Inevitable?’, Economic Journal, 1968, 78, 372–92.

91. R. Marris, ‘Review of The New Industrial State’, American Economic Review, 1968, 58, 1, 240–7.

92. R. Fitch, ‘A Galbraith Reappraisal: The Ideologue as Gadfly’ [1968], in E. K. Hunt and J. G. Schwartz (eds.), A Critique of Economic Theory (Penguin, 1972).

93. R. Milliband, ‘Professor Galbraith and American Capitalism’, Socialist Register, 1968, 5, 215–29.

94. J. Bower, ‘Planning Within the Firm’, American Economic Review, 1970, 60, 2, 186–94.

95. H. Demsetz, ‘Advertising in the Affluent Society’, Modern Age, 1974, 18, 1, 14–20.

96. H. Demsetz, ‘Where is the New Industrial State?’, Economic Inquiry, 1974, 12, 1, 1–12.

97. C. G. Leathers and J. C. Evans, ‘Thorstein Veblen and the New Industrial State’, History of Political Economy, 1974, 5, 420–37.

Part 16: Economics and the Public Purpose: The Bimodal View

98. J. K. Galbraith, ‘Contemporary Capitalism and the Problem of Unequal Growth’, Acta Oeconomica, 1972, 9, 2, 117–26.

99. J. K. Galbraith, ‘The Bimodal Image of the Modern Economy: Remarks Upon Receipt of the Veblen–Commons Award’, Journal of Economic Issues, 1977, 11, 2, 189–200.

100. J. K. Galbraith, ‘The Defense of the Multinational Company’, Harvard Business Review, March–April 1978, 83–92.

Part 17: Economics and the Public Purpose: Reviews and Reactions

101. J. Tobin, ‘Galbraith Redux’, Yale Law Journal, May 1974, 1291–303.

102. B. Bergmann, ‘Economics and the Public Purpose’, Journal of Economic Literature, September 1974, 899–901.

103. K. E. Boulding, ‘Minus the Spark’, Monthly Labor Review, 1974, 97, 10, 80–1.

104. M. L. Weidenbaum, C. H. Hession, B. Deckard, H. Sherman, and C. C. Thompson, ‘Four Reviews of John Kenneth Galbraith: Economics and the Public Purpose’, Journal of Economic Issues, 1975, 9, 1, 87–100.

105. ‘Economics and the Public Purpose’, in J. S. Gambs, John Kenneth Galbraith (Twayne Publishers, 1975).

Part 18: Mature Keynesianism and the Rise of ‘Movement Conservatism’

106. J. K. Galbraith, ‘Recent Economic Policy: The Deeper Perspective’, SAM Advanced Management Journal, 1972, 37, 4, 13–21.

107. J. K. Galbraith, ‘Solving Unemployment Without Inflation’, Social Policy, 1974, 5, 3, 4–5.

108. M. Friedman, From Galbraith to Economic Freedom (Institute of Economic Affairs, 1977), 12–35.

109. J. K. Galbraith, ‘The Market and Mr. Reagan’, New Republic, 1981, 185, 12, 15–18.

110. J. K. Galbraith, ‘The Way Up from Reagan Economics’, Harvard Business Review, 1982, 60, 4, 6–12.

111. J. K. Galbraith, ‘The Social Consensus and the Conservative Onslaught’, Millennium: Journal of International Studies, 1982, 11, 1–13.

112. J. K. Galbraith, ‘The Good Society Considered: The Economic Dimension’, Journal of Law and Society, 1994, 21, 2, 165–70.

VOLUME IV: THE NEW INDUSTRIAL STATE: METHODOLOGY, DEVELOPMENTS, AND REAPPRAISALS

Part 19: Methodology

113. J. K. Galbraith, ‘The Language of Economics’, Fortune, 1962.

114. J. K. Galbraith, ‘On Post Keynesian Economics’, Journal of Post Keynesian Economics, 1978, 1, 1, 8–11.

115. J. K. Galbraith, ‘Ideology and Economic Reality’, Challenge, 1989, 32, 6, 4–9.

116. J. K. Galbraith, ‘Economics in the Century Ahead’, Economic Journal, 1991, 101, 404, 41–6.

Part 20: Methodology: Critical Commentaries

117. W. J. Samuels, ‘Galbraith on Economics as a System of Professional Belief’, Journal of Post-Keynesian Economics, 1984, 7, 1, 61–76.

118. S. P. Dunn and A. Mearman, ‘The Realist Approach of J. K. Galbraith’, Challenge, 2006, 49, 4, 7–30.

119. J. R. Stanfield and M. Wrenn, ‘John Kenneth Galbraith and Original Institutional Economics’, Journal of Post Keynesian Economics, 2005, 28, 1, 26–45.

Part 21: The Theory of the Firm: Developments

120. R. E. Caves, ‘Uncertainty, Market Structure and Performance: Galbraith as Conventional Wisdom’, in J. W. Markham and G. F. Papnek (eds.), Industrial Organization and Economic Development: In Honor of E. S. Mason (Houghton-Mifflin, 1970).

121. F. Edwards and A. Heggestad, ‘Uncertainty, Market Structure, and Performance: The Galbraith-Caves Hypothesis and Managerial Motives in Banking’, Quarterly Journal of Economics, 1973, 87, 3, 455–73.

122. K. J. Blois, ‘Supply Contracts in the Galbraithian Planning System’, Journal of Industrial Economics, 1975, 24, 1, 29–39.

123. L. Christofides and F. Tapon, ‘Discretionary Expenditures and Profit Risk Management: The Galbraith-Caves Hypothesis’, Quarterly Journal of Economics, 1979, 93, 2, 303–19.

124. L. Christofides and F. Tapon, ‘Uncertainty, Market Structure and Performance: The Galbraith-Caves Hypothesis Revisited’, Quarterly Journal of Economics, 1979, 93, 4, 719–26.

125. F. Edwards and A. Heggestad, ‘Comment on Uncertainty, Market Structure and Performance: The Galbraith-Caves Hypothesis Revisited’, Quarterly Journal of Economics, 1979, 93, 4, 727–9.

Part 22: The Theory of the Firm: Reappraisals

126. James K. Galbraith, ‘Galbraith and the Theory of the Corporation’, Journal of Post-Keynesian Economics, 1984, 7, 1, 43–60.

127. E. R. Canterbery, ‘Galbraith, Sraffa, Kalecki, and Supra-Surplus’, Journal of Post-Keynesian Economics, 1984, 7, 1, 77–90.

128. S. P. Dunn, ‘Galbraith, Uncertainty and the Modern Corporation’, in M. Keaney (ed.), Economist with a Public Purpose: Essays in Honour of John Kenneth Galbraith (Routledge, 2001).

Part 23: The Revised Sequence

129. R. Wilder, ‘Advertising and Inter-Industry Competition: Testing a Galbraithian Hypothesis’, Journal of Industrial Economics, 1974, 22, 3, 215–26.

130. A. K. Dutt, ‘The Dependence Effect, Consumption and Happiness: Galbraith Revisited’, Review of Political Economy, 2008, 20, 4, 527–50.

131. D. J. Lamdin, ‘Galbraith on Advertising, Credit and Consumption: A Retrospective and Empirical Investigation with Policy Implications’, Review of Political Economy, 2008, 20, 4, 595–611.

132. S. J. Anderson and S. P. Dunn, ‘Galbraith and the Management of Specific Demand: Evidence from the Tobacco Industry’, Journal of Institutional Economics, 2006, 2, 3, 273–96.

Part 24: The Economic Legacy of John Kenneth Galbraith

133. W. C. Peterson, ‘Market Power: The Missing Element in Keynesian Economics’, Journal of Economic Issues, 1989, 23, 379–91.

134. R. Parker, ‘The Legacy of John Kenneth Galbraith’, Challenge, March/April 2004, 81–9.

135. J. B. DeLong, ‘Sisyphus as Social Democrat’, Foreign Affairs, May/June 2005, 126–30.

136. James K. Galbraith, ‘The Corporate Crisis’, The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too (The Free Press, 2008).

137. L. Ramrattan and M. Szenberg, ‘Memorializing John K. Galbraith: A Review of his Major Works, 1908–2006’, American Economist, 2010, 55, 1, 31–45.

Name: John Kenneth Galbraith: The Economic Legacy (Hardback)Routledge 
Description: Edited by Stephen Dunn. One hundred years after his birth, J. K. Galbraith’s The Great Crash 1929 is again on the bestseller lists. And in the current financial and economic tumult, familiar Galbraithian concerns—such as the power and dominance of...
Categories: Macroeconomics, History of Economic Thought