John Kenneth Galbraith
John Kenneth "Ken" Galbraith, OC (properly /ɡælˈbreɪθ/ gal-BRAYTH, but commonly /ˈɡælbreɪθ/ GAL-brayth; 15 October 1908 – 29 April 2006), was a Canadian-American economist. He was a Keynesian, an institutionalist, and a leading proponent of 20th-century American liberalism. His books on economic topics were bestsellers from the 1950s through the 2000s and he filled the role of public intellectual from the 1950s to the 1970s on matters of economics.
Galbraith was a prolific author who produced four dozen books and over a thousand articles on various subjects. Among his most famous works was a popular trilogy on economics, American Capitalism (1952), The Affluent Society (1958), and The New Industrial State (1967). He taught at Harvard University for many years. Galbraith was active in Democratic Party politics, serving in the administrations of Franklin D. Roosevelt, Harry S. Truman, John F. Kennedy and Lyndon B. Johnson; he served as United States Ambassador to India under Kennedy. Due to his prodigious literary output he was arguably the best known economist in the world during his lifetime and was one of a select few people to be awarded the Medal of Freedom, in 1946, and the Presidential Medal of Freedom, in 2000, for services to economics. The government of France made him a Commandeur de la Légion d'honneur.
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... John Kenneth Galbraith (1908–2006) worked in the New Deal administration of Franklin Delano Roosevelt ... than the earlier institutional economists, Galbraith was critical of orthodox economics throughout the late twentieth century ... In The Affluent Society (1958), Galbraith argues voters reaching a certain material wealth begin to vote against the common good ...
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“Money is a singular thing. It ranks with love as mans greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.”
—John Kenneth Galbraith (b. 1908)
“The enemy of the conventional wisdom is not ideas but the march of events.”
—John Kenneth Galbraith (b. 1908)
“And, Wordsworth, both are thine: at certain times
Forth from the heart of thy melodious rhymes.”
—James Kenneth Stephen (18591892)