John Kenneth Galbraith

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Galbraith, John Kenneth


Born Oct. 15, 1908, in Ontario, Canada. American economist, doctor of philosophy (1934).

Galbraith graduated from the University of Toronto in 1931. He taught in a number of American universities from 1931 to 1942. From 1943 to 1948 he was an editor of Fortune magazine. He became a professor at Harvard University in 1949.

Galbraith has written many works on various aspects of contemporary capitalism. He is a supporter of state intervention in the economy. He advanced the theory of “countervailing forces,” with the state supposedly assisting in the creation of a balance between supply and demand by means of the regulation of monopolies’ activities. Striving to refute the Marxist theory of accumulation and impoverishment, Galbraith attempts to demonstrate the social regeneration of capitalism, which is supposedly transforming itself as a result of technological development into a new society of abundance, the “industrial state.” Galbraith has supported the theory of convergence of the capitalist and socialist systems. He is a supporter of peaceful coexistence of the two systems and was an opponent of the war in Vietnam. Since 1967, he has headed the Americans for Democratic Action.


American Capitalism: The Concept of Countervailing Power. Boston, 1952.
The Affluent Society. Cambridge, 1958. Second edition: Har-monds worth, 1968.
Economic Development. Cambridge, 1963.
The New Industrial State. Boston, 1967. In Russian translation, Novoe industrial’noe obshchestvo. Moscow, 1969.


Kozlova, K. “ ‘Novoe industrial’noe obshchestvo’ Dzhona Gelbreita.” Mirovaia ekonomika i mezhdunarodnye otnosheniia, 1968, no. 1.


References in periodicals archive ?
John Kenneth Galbraith, American Capitalism: The Concept of Countervailing Power (Boston: Houghton Mifflin, 1952).
of price and wage control, Kenneth Galbraith has the company of many other people-but so far as I know, he is the only person who has made a serious attempt to present a theoretical analysis to justify his position" (Friedman, 1977, 12).
He's Canada's answer to American public intellectuals such as Paul Krugman and Joseph Stiglitz--only more radical--and indeed our most formidable political economist since John Kenneth Galbraith migrated south so many years ago.
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the speech was the work of a supergroup of Camelot intellectuals that included himself, John Kenneth Galbraith, Theodore Sorenson, and McGeorge Bundy.
Other analyses of the failures of capitalism, by John Maynard Keyes and John Kenneth Galbraith, are also being brought to the bookstore checkout lines at noticeably higher rate.
En 2004, el conocido economista John Kenneth Galbraith, recientemente fallecido, publicaba un pequeno libro llamado The Economics of Innocent Fraua (2), en el que denunciaba la aceptacion generalizada de practicas economicas fraudulentas que enganaban a consumidores, accionistas y ciudadanos.
John Kenneth Galbraith said: "Faced with the choice between changing one's mind and proving there is no need to do so, almost everyone gets busy on the proof.
John Kenneth Galbraith said, "All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time.
Yet a large part of our misunderstanding of Keynes today is the work of his American apostle John Kenneth Galbraith, himself the subject of a massive biography by Richard Parker.
A better and more quotable Rosovsky story is about faculty-student sexual relationships and John Kenneth Galbraith.