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James K. Galbraith

James K. Galbraith

47 commentaries
1 videos & podcasts

James K. Galbraith, Professor of Government and Chair in Government/Business Relations at the University of Texas at Austin, is a former staff economist for the House Banking Committee and a former executive director of the Joint Economic Committee of Congress. From 1993-97, he served as chief technical adviser for macroeconomic reform to China’s State Planning Commission. He is the co-author (with Jing Chen) of Entropy Economics: The Living Basis of Value and Production (University of Chicago Press, 2025).

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  1. Economists’ Way Out of the Wilderness
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    Economists’ Way Out of the Wilderness

    Jan 20, 2025 James K. Galbraith argues that the continued dominance of nineteenth-century thinking has resulted in a catalogue of failure.

  2. The Democrats Committed Suicide This Year
    galbraith38_MandelNganGettyImages_democrats_funeral Mandel Ngan/Getty Images

    The Democrats Committed Suicide This Year

    Nov 13, 2024 James K. Galbraith thinks the party has only itself to blame for losing the 2024 election on low voter turnout.

  3. Elon Musk Gets Trump’s Economic Plans Partly Right
    galbraith37_Anna MoneymakerGetty Images_elonmusktrump Anna Moneymaker/Getty Images

    Elon Musk Gets Trump’s Economic Plans Partly Right

    Nov 1, 2024 James K. Galbraith argues that only a tycoon could love Donald Trump’s proposed tariffs, deportations, and spending cuts.

  4. Inflation Shamanism
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    Inflation Shamanism

    Sep 20, 2024 James K. Galbraith marvels at the Federal Reserve's ability to win praise for positive outcomes it did not cause.

  5. Economic Theory for the Real World
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    Economic Theory for the Real World

    Sep 9, 2024 James K. Galbraith offers a new conceptual framework based on twenty-first-century science and simple observation.

  1. reynolds1_Bill PuglianoGettyImages_trump_industrial_policy Bill Pugliano/Getty Images

    Trump’s Industrial Policy Is More Continuity Than Disruption

    Elisabeth Reynolds thinks that rebuilding America’s manufacturing base has become a central pillar of the US economic agenda.
  2. bp oligarchy Photo by JULIA DEMAREE NIKHINSON/POOL/AFP via Getty Images

    Oligarchy in America

    Though Donald Trump attracted more support than ever from working-class voters in the 2024 US presidential election, he has long embraced an agenda that benefits the wealthiest Americans above all. During his second term, however, Trump seems committed not just to serving America’s ultra-rich, but to letting them wield state power themselves.

  3. elerian177_WPA PoolGettyImages_reeves_speech WPA Pool/Getty Images

    Give the UK Growth Agenda a Chance

    Mohamed A. El-Erian sees promise in the current government’s economic-policy plan despite its imperfections.
  4. tharoor199_ Sonu MehtaHindustan Times via Getty Images_shahieidgah Sonu Mehta/Hindustan Times via Getty Images

    Islam on Trial in India

    Shashi Tharoor warns that efforts to replace centuries-old mosques with Hindu temples could trigger communal violence.
  5. reichlin39_da-kukGetty Images_dollarcrypto da-kuk/Getty Images

    Will Crypto Save the Dollar?

    Lucrezia Reichlin asks whether the Trump administration's stablecoin strategy can preserve the greenback's global hegemony.
  6. op_pei3_Hulton-Deutsch CollectionCORBISCorbis via Getty Images_zhouenlai Hulton-Deutsch Collection/Corbis via Getty Images

    The Tragedy of Zhou Enlai

    Minxin Pei

    The reputation of China's longest-serving premier has fared far better than that of the Maoist regime he faithfully served. Zhou's political survival skills enabled him to survive many purges, and even to steer Mao away from potential disasters, but he could not escape the Chairman's cruelty, even at the end of his life.

    reflects on the complicated life and legacy of the renowned diplomat who was Mao Zedong’s dutiful lieutenant.
  7. velasco156_Alex WroblewskiGettyImages_dnc_harris_buttons Alex Wroblewski/Getty Images

    How Liberals Lost America

    Andrés Velasco attributes Donald Trump’s return to power to Democrats’ embrace of both moral neutrality and moral preachiness.
  8. halland10_TERJE PEDERSENNTBAFP via Getty Images_norwayukraineaid Terje Pedersenntb/AFP via Getty Images

    Norway Should Cede Its War Windfall to Ukraine

    Håvard Halland & Knut Anton Mork say that the government's justifications for its war profiteering are disingenuous and short-sighted.
  9. bhide11_Anthony KwanGettyImages_deepseek Anthony Kwan/Getty Images

    Is DeepSeek Really a Threat?

    Amar Bhidé explains what a purported Chinese AI breakthrough does and does not mean for the industry.

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