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James K. Galbraith

James K. Galbraith

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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
    galbraith39_rudall30Getty Images_businessmanforest rudall30/Getty Images

    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. wallach2_Frederic J. BrownGettyImages_us_port Frederic J. Brown/Getty Images

    What Trump’s Tariff Critics Are Getting Wrong

    Lori Wallach laments the Democratic Party’s misguided criticism of a potentially effective policy tool.
  2. palacio167_Picture AllianceGettyImages_hydrogen_pipeline_germany Picture Alliance/Getty Images

    Europe’s Security Depends on a European Energy Union

    Ana Palacio advocates a pragmatic approach to reviving the EU’s competitiveness and bolstering its strategic autonomy.
  3. kalemliozcan5_Burak KaraGettyImages_istanbul_protests Burak Kara/Getty Images

    Authoritarianism Is Turkey’s Biggest Economic Risk

    Şebnem Kalemli-Özcan

    More than just a popular mayor, Ekrem İmamoğlu is a national symbol of the political pluralism and democratic possibility that Turkish President Recep Tayyip Erdoğan has sought to quash. Given the precarious state of the Turkish economy, his sudden arrest and imprisonment may prove to be the last straw.

    believes the current mass protests are about more than the arrest of the country’s leading opposition figure.
  4. lee55_TANG CHHIN SOTHYAFP via Getty Images_asean+3 Tang Chhin Sothy/AFP via Getty Images

    Asia Must Unite to Survive Trump 2.0

    Lee Jong-Wha highlights ways the region's economies can boost their resilience and global influence.
  5. gabriel15_Justin Tallis - WPA PoolGetty Images_EUcoalitionofthewilling Justin Tallis/WPA/Pool/Getty Images

    Europe and the Next World Order

    Sigmar Gabriel & Peter Eitel observe that the continent has once again become the fulcrum of global politics.
  6. hausmann121_Artur WidakNurPhoto via Getty Images_applestoreasia Artur Widak/NurPhoto via Getty Images

    Trump’s $16 Trillion Trade Blind Spot

    Ricardo Hausmann identifies the fundamental flaw in the administration’s efforts to dismantle the postwar international order.
  7. roach176_Morris MacMatzenGettyImages_hamburg_port Morris MacMatzen/Getty Images

    A World Turned Inside Out

    Stephen S. Roach

    The geostrategic shock that has accompanied Donald Trump’s return to the White House is the functional equivalent of a full-blown crisis. It is likely to have a lasting impact on the US and Chinese economies, and the contagion is almost certain to spread throughout the world through cross-border trade and capital flows.

    likens Donald Trump’s reversal of America’s global leadership role to a full-blown crisis, similar to COVID-19.
  8. GettyImages-465335816

    Jorge Heine on the BRICS, active non-alignment, the US dollar, and more

    Jorge Heine urges the Organization of American States to demonstrate leadership in Haiti, shows how small countries can implement a foreign policy based on active non-alignment, calls on China and Europe to diversify the global monetary system, and more.
  9. fengler4_SIMON MAINAAFP via Getty Images_africadigitalbank Simon Maina/AFP via Getty Images

    Financial Inclusion Must Reach the Last Billion

    Wolfgang Fengler explains why economic growth alone is not enough to extend the ladder of opportunity to all.

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