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Memorializing John K. Galbraith: A Review of His Major Works, 1908–2006

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  • Lall Ramrattan
  • Michael Szenberg

Abstract

This paper attempts to address the essential legacy of Kenneth Galbraith (1908–2006) spread over a broad range of subjects. Galbraith is a forerunner of the most popular, imaginative and idea creating economic writers of the last century. His economic eyes were the first to discern the historic and institutional forces behind the countervailing powers of big business and big unions, the culmination of techno structure in the land-capital dominance of the evolution of factors of production, the pairing of buyers and sellers for market clearance in disequilibrium, and as Milton Friedman stated, the only person who has made a serious attempt to justify price and wage controls.

Suggested Citation

  • Lall Ramrattan & Michael Szenberg, 2010. "Memorializing John K. Galbraith: A Review of His Major Works, 1908–2006," The American Economist, Sage Publications, vol. 55(1), pages 31-45, May.
    • Handle: RePEc:sae:amerec:v:55:y:2010:i:1:p:31-45
    DOI: 10.1177/056943451005500104
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    References listed on IDEAS

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    1. Parker, Richard, 2006. "John Kenneth Galbraith," University of Chicago Press Economics Books, University of Chicago Press, number 9780226646770, September.
    2. Galbraith, John Kenneth, 1970. "Economics as a System of Belief," American Economic Review, American Economic Association, vol. 60(2), pages 469-478, May.
    3. Michael Szenberg & Aron A. Gottesman & Lall Ramrattan, 2005. "Paul A. Samuelson: philosopher and theorist," International Journal of Social Economics, Emerald Group Publishing, vol. 32(4), pages 325-338, April.
    4. Demsetz, Harold, 1974. "Where is the New Industrial State?," Economic Inquiry, Western Economic Association International, vol. 12(1), pages 1-12, March.
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    Cited by:

    1. 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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