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James K. Galbraith

James K. Galbraith

43 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. 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.

  2. 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.

  3. James K. Galbraith on the US election, entropy economics, trade policy, and more
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    James K. Galbraith on the US election, entropy economics, trade policy, and more

    Aug 6, 2024 James K. Galbraith says what it will take to improve Americans’ living standards, calls the concept of equilibrium a figment of economists’ imaginations, highlights a potential effect of tariffs that most textbooks do not anticipate, and more.

  4. Industrial Policy Is a Nostalgic Pipe Dream
    galbraith32_Dustin Chambers for The Washington Post via Getty Images_industrial policy climate change Dustin Chambers for The Washington Post via Getty Images

    Industrial Policy Is a Nostalgic Pipe Dream

    Jun 25, 2024 James K. Galbraith thinks a new economic-policy consensus among center-left economists largely misses the point.

  5. 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.

  1. yi15_Kevin FrayerGetty Images_chinababy Kevin Frayer/Getty Images

    China Shuts Down Its International-Adoption Machine

    Yi Fuxian welcomes the government's apparent recognition that a severe demographic crisis looms.
  2. anelson1_MARCO LONGARIAfpAFP via Getty Images_senegalelection Marco Longaria/AFP via Getty Images

    From the Year of Elections to the Year of Governance

    Adam Nelson & Kristen Sample highlight five major challenges reformist governments must confront to minimize populist threats.
  3. berglof39_LUIS TATOAFP via Getty Images_africarenewableenergy Luis Tato/AFP via Getty Images

    Africa’s Path to Green Prosperity

    Erik Berglöf highlights the potential that a young population and abundant renewable-energy resources represent.
  4. ghosh80_MUNIR UZ ZAMANAFP via Getty Images_plasticpollution Munir Uz Zaman/AFP via Getty Images

    Saving the Planet from Plastics

    Jayati Ghosh explains why recycling alone is not enough to mitigate the health and climate effects of overproduction.
  5. bp trump harris debate Photo by Demetrius Freeman/The Washington Post via Getty Images

    What Harris and Trump Will Do

    With less than two months to go until the US presidential election, the candidates’ opposing worldviews, objectives, and priorities – and their implications for international relations, the economy, and democracy – have come into sharper focus. While it is impossible to know exactly what a leader will do once in office, the contours of both a Donald Trump and a Kamala Harris presidency are remarkably well defined.

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    The Big Picture

  7. op_drochon4_LUDOVIC MARINPOOLAFP via Getty Images_macron Ludovic Marin/Pool/AFP via Getty Images

    Macron’s Trial by Fire

    Hugo Drochon

    Since the start of the Olympic Summer Games in Paris, Emmanuel Macron has reclaimed the initiative and confronted a political situation that is in many ways unprecedented for a French president. Not only has the center held, but the country may have a return to political stability in its sights.

    reflects on the French president's efforts to maintain control after a painful election season.
  8. velasco151_SAUL LOEBAFP via Getty Images_harris Saul Loeb/AFP via Getty Images

    Kamala Harris’s Liberal Patriotism

    Andrés Velasco & Daniel Brieba explain why the Democratic US presidential candidate's appeal to love of country is good politics.
  9. fofack27_ BENSON IBEABUCHIAFP via Getty Images_nigeriaprotests Benson Ibeabuchi/AFP via Getty Images

    Confronting Africa’s Cost-of-Living Crisis

    Hippolyte Fofack urges governments to rethink constraints on public spending and increase investment in human capital.

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