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Backwater Economics: A Life Story

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  • James K. Galbraith

Abstract

Economics is sometimes portrayed as a contest between saltwater and freshwater, between the coastal pseudo-Keynesians and the Great Lakes neo-Walrasians, between the flaws-and-friction model-builders and the free-market hard-liners. As evolutionists know, both habitats are fairly sterile. Evolution occurs in the backwaters, in the mudflats, bogs, lagoons, cypress swamps, and wetlands, in the shadows of perpetually endangered habitat. This essay sketches a personal journey through the backwaters. Intellectually they are my home, as they have been for every other recipient of the Veblen-Commons prize, with just one exception …

Suggested Citation

  • James K. Galbraith, 2020. "Backwater Economics: A Life Story," Journal of Economic Issues, Taylor & Francis Journals, vol. 54(2), pages 287-293, April.
    • Handle: RePEc:mes:jeciss:v:54:y:2020:i:2:p:287-293
    DOI: 10.1080/00213624.2020.1742059
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