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The Economics of John Kenneth Galbraith

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  • Dunn,Stephen P.

Abstract

The recent financial crisis has once again seen John Kenneth Galbraith return to the bestseller lists. Yet, despite the continued popular success of his works, Galbraith's contribution to economic theory is rarely recognized by today's economists. This book redresses the balance by providing an introductory and sympathetic discussion of Galbraith's theoretical contributions, introducing the reader to his economics and his broader vision of the economic process. The book highlights and explains key features of Galbraith's economic thought, including his penetrating critique of society, his distinctive methodology, his specific brand of Keynesianism and his original - but largely ignored - contribution to the theory of the firm. It also presents, for the first time, a detailed examination of Galbraith's monetary economics and revisits his analysis of financial euphoria. This unique work seeks to rehabilitate Galbraith's contribution, setting out several directions for possible future research in the Galbraithian tradition.

Suggested Citation

  • Dunn,Stephen P., 2012. "The Economics of John Kenneth Galbraith," Cambridge Books, Cambridge University Press, number 9781107404489, April.
  • Handle: RePEc:cup:cbooks:9781107404489
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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.
    2. Stephen P. Dunn, 2012. "John Kenneth Galbraith and the Theory of the Firm," Chapters,in: Handbook on the Economics and Theory of the Firm, chapter 8 Edward Elgar Publishing.
    3. Kuzmin, Evgeny A., 2015. "Fundamentals in Systematics of Uncertainty Management Theory," MPRA Paper 66468, University Library of Munich, Germany.
    4. Alexandre Chirat & Charlotte Le Chapelain, 2017. "Some “unexpected proximities” between Schultz and Galbraith on human capital," Working Papers of BETA 2017-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    5. Alexandre Chirat & Charlotte Le Chapelain, 2017. "Some “unexpected proximities” between Schultz and Galbraith on human capital," Working Papers 08-17, Association Française de Cliométrie (AFC).

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