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John Kenneth Galbraith: Cultural Theorist of Consumption and Power

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  • William Waller

Abstract

This article counters the claim that John Kenneth Galbraith’s work was descriptive in character. Instead, the case is made that Galbraith’s work was theoretical in nature. Galbraith was primarily a cultural theorist rather than the deductive formalist type theorist typical in mainstream economics. In particular, it is shown that Galbraith’s “revised sequence” is part of his substantial contribution to the theory of consumption. Additionally, his analyses of economic power are not merely descriptive but instead constitute a cultural theory of economic power.

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  • William Waller, 2008. "John Kenneth Galbraith: Cultural Theorist of Consumption and Power," Journal of Economic Issues, Taylor & Francis Journals, vol. 42(1), pages 13-24, March.
    • Handle: RePEc:mes:jeciss:v:42:y:2008:i:1:p:13-24
    DOI: 10.1080/00213624.2008.11507111
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    Cited by:

    1. Pavlina R. Tcherneva, 2011. "Fiscal Policy: Why Aggregate Demand Management Fails and What to Do about It," Economics Working Paper Archive wp_650, Levy Economics Institute.
    2. Adem LEVENT, 2016. "Power, Market and Techno-Structure in John Kenneth Galbraith’s Thought," Journal of Social and Administrative Sciences, KSP Journals, vol. 3(2), pages 214-218, June.

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