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James K. Galbraith

James K. Galbraith

39 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. 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.

  2. 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.

  3. 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.

  4. 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.

  5. America’s “New” China Narrative
    galbraith27_ HECTOR RETAMALAFP via Getty Images_china economy HECTOR RETAMAL/AFP via Getty Images

    America’s “New” China Narrative

    Aug 17, 2023 James K. Galbraith thinks the current US conventional wisdom misses the point and is being driven by ulterior motives.

  1. fischer216_SERGEI BOBYLYOVPOOLAFP via Getty Images_putinxi Sergei Bobylyov/POOL/AFP via Getty Images

    Reckoning With a New Authoritarian Bloc

    Joschka Fischer considers the implications of a northern Asian alliance that exists primarily to challenge American hegemony.
  2. palacio157_ Thierry MonasseGetty Images_eu flags Thierry Monasse/Getty Images

    Is Europe Too Big for Further Enlargement?

    Ana Palacio warns that even if candidates meet accession criteria, decision-making processes would need to be reformed.
  3. subramanian41_PUNIT PARANJPEAFP via Getty Images_india solar panels PUNIT PARANJPE/AFP via Getty Images

    The Sino-American Trade War Benefits China’s Competitors

    Arvind Subramanian warns that escalating protectionism, while dangerous, could end up helping developing countries like India.
  4. chellaney175_ Kiyoshi Ota  PoolAnadolu Agency via Getty Images_QUAD Kiyoshi Ota / Pool/Anadolu Agency via Getty Images

    Is the Quad Becoming a Potemkin Alliance?

    Brahma Chellaney fears that US President Joe Biden’s conciliatory approach toward China is undermining Indo-Pacific security.
  5. goldberg29_Justin SullivanGetty Images_electricvehicles Justin Sullivan/Getty Images

    The High Costs of the New US Tariffs on Chinese EVs

    Pinelopi Koujianou Goldberg

    Every time one set of protectionist measures against China disappoints, the United States escalates its economic war in the hope that additional restrictions will prove more effective. Yet by slapping massive tariffs on Chinese electric vehicles, America has laid bare its own hypocrisy and economic vulnerabilities.

    laments the Biden administration's embrace of costly, futile efforts to outcompete low-cost rivals.
  6. ruto4_LUIS TATOAFP via Getty Images_kenyafloods Luis Tato/AFP via Getty Images

    How G7 Leaders Can Unlock Financing for Africa

    William Ruto

    With many African countries trapped in perpetual cycles of debt, financing investment in sustainable development has become increasingly difficult, if not impossible. The situation demands that wealthy countries step up and offer debt relief and cancellation, in addition to more concessional and long-term financing.

    urges wealthy countries to help bring the global financial system into line with the developing world's needs.
  7. delong200_Chip Somodevilla_Getty Images Chip Somodevilla/Getty Images

    The Threat of Trumpflation and a Fed War

    J. Bradford DeLong thinks monetary hawks should be more worried about the return of a populist demagogue to the White House.
  8. yi5_Kevin FrayerGetty Images_zero covid protest Chen Yihang/VCG via Getty Images

    Is China Too Old to Get Rich?

    Yi Fuxian explains why the country’s rising median age is at the root of its current malaise.
  9. bildt123_Shi KuanbingVCG via Getty Images_chinaEV Shi Kuanbing/VCG via Getty Images

    The Dangerous Retreat into Protectionism

    Carl Bildt warns that nothing good will come from a more deeply fragmented global economy.

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