The Economics of John Kenneth Galbraith
Introduction, Persuasion, and Rehabilitation

This book provides an introductory and sympathetic discussion of John Kenneth Galbraith's theoretical contributions to economic thought.

Stephen P. Dunn (Author)

9781107404489, Cambridge University Press

Paperback / softback, published 10 May 2012

498 pages
22.9 x 15.2 x 2.8 cm, 0.73 kg

'… this book can be recommended to anyone interested in the intersection between economic thought and social engagement.' Cameron M. Weber, Journal of the History of Economic Thought

The recent financial crisis has once again seen John Kenneth Galbraith return to the bestseller lists. Yet, despite the continued popular success of his works, Galbraith's contribution to economic theory is rarely recognized by today's economists. This book redresses the balance by providing an introductory and sympathetic discussion of Galbraith's theoretical contributions, introducing the reader to his economics and his broader vision of the economic process. The book highlights and explains key features of Galbraith's economic thought, including his penetrating critique of society, his distinctive methodology, his specific brand of Keynesianism and his original - but largely ignored - contribution to the theory of the firm. It also presents, for the first time, a detailed examination of Galbraith's monetary economics and revisits his analysis of financial euphoria. This unique work seeks to rehabilitate Galbraith's contribution, setting out several directions for possible future research in the Galbraithian tradition.

List of figures
List of tables
Foreword James K. Galbraith
Preface
Acknowledgments
1. The eclipse of The New Industrial State?
2. A life in our times
3. The economics of John Kenneth Galbraith
4. The methodology of John Kenneth Galbraith
5. The general theory of advanced development
6. Why people are poor
7. Uncertainty and the modern corporation
8. A theory of the multinational corporation
9. The management of specific demand
10. Money and the real world
11. A man for our times
12. The origins of the Galbraithian system: talking to John Kenneth Galbraith
References
Additional works by Galbraith
Index.

Subject Areas: Economic history [KCZ], Economics [KC]