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James K. Galbraith

James K. Galbraith

40 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 the forthcoming Entropy Economics: The Living Basis of Value and Production (University of Chicago Press).

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  1. Industrial Policy Is a Nostalgic Pipe Dream
    galbraith32_Dustin Chambers for The Washington Post via Getty Images_industrial policy climate change Dustin Chambers for The Washington Post via Getty Images

    Industrial Policy Is a Nostalgic Pipe Dream

    Jun 25, 2024 James K. Galbraith thinks a new economic-policy consensus among center-left economists largely misses the point.

  2. Mainstream Economics’ Medieval Inflation Medicine
    galbraith31_Kent Nishimura  Los Angeles Times via Getty Images_fed Kent Nishimura/Los Angeles Times via Getty Images

    Mainstream Economics’ Medieval Inflation Medicine

    Dec 29, 2023 James K. Galbraith shows how prevailing economic thinking is analogous to the theory of the “four humors” in ancient medicine.

  3. Will High Interest Rates Trigger a Debt Disaster?
    galbraith30_Win McNameeGetty Images_powell Win McNamee/Getty Images

    Will High Interest Rates Trigger a Debt Disaster?

    Dec 1, 2023 James K. Galbraith shows that renewed warnings about dangerous debt-to-GDP ratios are belied by history and recent experience.

  4. Why Mainstream Economics Got Inflation Wrong
    galbraith29_STEFANI REYNOLDSAFP via Getty Images_jeromepowell Stefani Reynolds/AFP via Getty Images

    Why Mainstream Economics Got Inflation Wrong

    Nov 15, 2023 James K. Galbraith thinks the misdiagnosis of price growth in 2021-22 speaks to a larger problem with the discipline.

  5. Down on the Biden Economy
    galbraith28_ Chip SomodevillaGetty Images_biden Chip Somodevilla/Getty Images

    Down on the Biden Economy

    Sep 20, 2023 James K. Galbraith thinks the failure of wages to keep up with inflation explains much of the public’s dour mood.

  1. velasco150_PAUL ELLISAFP via Getty Images_voting PAUL ELLIS/AFP via Getty Images

    In Praise of First-Past-the-Post

    Andrés Velasco explains why Britain’s electoral system is better than all the plausible alternatives.
  2. slaughter105_JACK GUEZAFP via Getty Images_womenwagepeace Jack Guez/AFP via Getty Images

    Peacebuilding in the Middle East Requires Women

    Anne-Marie Slaughter & Xanthe Scharff argue that negotiations between Israelis and Palestinians must no longer be the province of men.
  3. varoufakis117_JULIEN DE ROSAAFP via Getty Images_macron JULIEN DE ROSA/AFP via Getty Images

    Macron and Europe’s Centrists Are Out of Good Options

    Yanis Varoufakis shows that an intractable economic conundrum lies behind the current impasse in French politics.
  4. quesada3_ Lokman Vural ElibolAnadolu via Getty Images_immigration Lokman Vural Elibol/Anadolu via Getty Images

    Immigration Does Not Start at the US Border

    Carlos Alvarado-Quesada laments the failure of Republicans and Democrats alike to address the root causes of migration.
  5. landau4_Getty Images_AI money Getty Images/Anton Petrus

    Will AI Kill Off Money?

    Jean-Pierre Landau considers some of the underappreciated implications of an economy run entirely by machines.
  6. op_krauze1_Fine Art ImagesHeritage ImagesGetty Images_spinoza Fine Art Images/Heritage Images/Getty Images

    A Philosopher for Our Times

    Enrique Krauze shows that, given rising illiberalism, the seventeenth-century thinker Baruch Spinoza is as relevant as ever.
  7. snower8_Getty Images Getty Images

    A New Worldview for Troubled Times

    Dennis J. Snower proposes four principles to guide policymaking and global negotiations in the age of climate change.
  8. moyo29_Carl CourtGetty Images_FTSE Carl Court/Getty Images

    Navigating Today’s Frothy Financial Markets

    Dambisa Moyo offers a basic framework for assessing the risk of new bubbles and their potential spillover effects.
  9. asadullah16_ MUNIR UZ ZAMANAFP via Getty Images_bangladesh MUNIR UZ ZAMAN/AFP via Getty Images

    An Arab Spring for Bangladesh?

    M. Niaz Asadullah argues that young protestors could help the country chart a democratic course and achieve sustainable growth.

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