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The Economic Contributions of John Kenneth Galbraith

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  • Stephen Dunn
  • Steven Pressman

Abstract

Galbraith's principal theoretical contribution is foreshadowed in American capitalism and unfolds more clearly into view in his trilogy The Affluent Society, The New Industrial State and Economics and the Public Purpose. His thesis is that the economic ideas that once explained a world of poverty have not adjusted to a world of affluence dominated by the modern corporation. His main themes are the concentration of economic power in the large corporation and the social and environmental imbalance that results from the large corporation. Galbraith attempts to tease out the implications of the uneven development of modern affluence and outlines an emancipatory case for social change.

Suggested Citation

  • Stephen Dunn & Steven Pressman, 2005. "The Economic Contributions of John Kenneth Galbraith," Review of Political Economy, Taylor & Francis Journals, vol. 17(2), pages 161-209.
    • Handle: RePEc:taf:revpoe:v:17:y:2005:i:2:p:161-209
    DOI: 10.1080/09538250500067254
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    References listed on IDEAS

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    1. J. R. Stanfield, 1983. "The Affluent Society after Twenty-five Years," Journal of Economic Issues, Taylor & Francis Journals, vol. 17(3), pages 589-607, September.
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    9. Maddison, A., 1991. "A Long Run Perspective on Saving," Papers 443, Groningen State, Institute of Economic Research-.
    10. David Colander, 1984. "Galbraith and the Theory of Price Control," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 7(1), pages 30-42, September.
    11. John Kenneth Galbraith, 1978. "On Post Keynesian Economics," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 1(1), pages 8-11, October.
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