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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 the forthcoming Entropy Economics: The Living Basis of Value and Production (University of Chicago Press, 2025).

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  1. 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.

  2. 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.

  3. Inflation Shamanism
    galbraith36_STRNurPhoto via Getty Images_krugman STR/NurPhoto via Getty Images

    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.

  4. Economic Theory for the Real World
    galbraith33 Getty Images

    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.

  5. High Interest Rates Finally Bite
    galbraith35_Andrew HarnikGetty Images_powell Andrew Harnik/Getty Images

    High Interest Rates Finally Bite

    Aug 6, 2024 James K. Galbraith sees in the stock-market crash an outcome that a 17-year-old economic model fully explains.

  1. deryugina2_ANATOLII STEPANOVAFP via Getty Images_ukraine ANATOLII STEPANOV/AFP via Getty Images

    Trump’s Best Hope for Peace Is to Support Ukraine

    Tatyana Deryugina, et al. warn that trying to appease Putin could cast the American president-elect as a modern-day Neville Chamberlain.
  2. picture alliance/Getty Images

    Should Ukraine Have Nuclear Weapons?

    Slavoj Žižek dismisses the idea that firing Western missiles at Russian targets represents a dangerous escalation.
  3. fischer122_NurPhotoGettyImages_berlin_wall_35th_leaders1 NurPhoto/Getty Images

    The End of the Liberal West

    Joschka Fischer considers what Donald Trump’s return to the White House will mean for Europe and the post-war world order.
  4. op_disparte1_SadikDemirozGetty Images_digitaldollar FREDERIC J. BROWN/AFP via Getty Images

    Trump’s Inflationary Triple Threat

    Maurice Obstfeld

    Contrary to the claims of techno-libertarians like Elon Musk, independent central banks have a decades-long record of successfully controlling inflation. Yet, as the Federal Reserve’s credibility and oversight capabilities become more critical than ever, US President-elect Donald Trump’s policies threaten to undermine them.

    warns that the incoming administration’s agenda would weaken the Fed and destabilize the financial system.
  5. BP trump china MARK RALSTON/AFP via Getty Images

    What Will Trump Do About China?

    US President-elect Donald Trump campaigned on a promise to take a confrontational approach to China, with tariffs as his weapon of choice. But unless his administration adopts a measured approach, his plans may end up harming American businesses and consumers, undermining US democracy, or even leading to military confrontation.

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    The Big Picture

  7. karman1_getty images_cooperation Getty Images

    Human Progress in the Trump Era

    Tawakkol Karman, et al. propose ways to foster a culture of cooperation at a time of rising conflict and democratic erosion.
  8. frankel166_JemalCountessGettyImages_national_debt Jemal Countess/Getty Images

    Elon Musk’s $2 Trillion Fiscal Fantasy

    Jeffrey Frankel dives into the incoming US administration’s absurd claim that fresh tax cuts will not increase the deficit.
  9. buchholz21_getty images_us china Getty Images

    The Deal Trump Should Offer China

    Todd G. Buchholz proposes that the incoming US administration push for a debt write-off and market access instead of tariffs.

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