All Posts Tagged With: "John Kenneth Galbraith"
John Kenneth Galbraith: A Criticism and an Appreciation
Last April John Kenneth Galbraith died at the age of 97. Galbraith was one of America ‘s most famous economists and a self-proclaimed liberal (in the American sense of “statist” rather than in the European sense of “believer in freedom”). His fame came not from his technical accomplishments in academic economics but from his awesome [...]
1Dec2006 | David R. Henderson | 29 comments | ContinuedThe Redistribution of Blame
According to John Kenneth Galbraith, the economy will at any given moment contain a certain inventory of undiscovered fraud. This inventory (he called it the “bezzle”) rises and falls with the business cycle. When an economic shakeout brings specific cases before the public eye, politicians cry for “reform!” They are unfortunately less interested in corporate [...]
1Oct2002 | and Harold B. Jones Jr. | 0 comments | ContinuedMore Public Investment Needed?
It must be something in the water. Robert Kuttner is the latest writer from the Boston suburbs to complain that Americans don’t spend enough of their hard-earned money on “public investment.” In a column that the Washington Post titled “Public Parsimony, Private Affluence” (November 29, 1999), Kuttner concluded that “paradoxically, a period of unprecedented private [...]
1Mar2000 | David Boaz | 1 comment | ContinuedCapital Letters
Why Y2K? To the Editor: “Bill O. Reitz” overcomplicates the Y2K situation (“Why Y2K?;” December 1999). I spent over 20 years in the information-processing business from the late ‘60s until the early ‘90s, so I have some knowledge of the genesis and continuation of the so-called Y2K problem. I worked with “magnetic drum” and “core” [...]
1Mar2000 | FEE Admin | 0 comments | ContinuedHeilbroner’s One-Armed Philosophers
I am not surprised that The Worldly Philosophers has gone through multiple editions since 1953. Heilbroner has written a colorful and entertaining masterpiece. And no one has come up with a better title about the lives and ideas of the great economic thinkers.
1Dec1999 | Mark Skousen | 1 comment | ContinuedHayek Turns 100
Economics captivated me from the moment that I first saw on a chalkboard a supply-and-demand graph. That was in January of 1977. I was then an 18-year-old college freshman at Nicholls State University in Thibodaux, Louisiana. I immediately took to pestering my economics professors for suggestions on what to read in economics. One of my [...]
1May1999 | Donald J. Boudreaux | 2 comments | ContinuedPBS: Behind the Screen by Laurence Jarvik
Prima Publishing • 1997 • 362 pages • $25.00 Dr. Peterson, adjunct scholar at the Heritage Foundation, is the Distinguished Lundy Emeritus Professor of Business Philosophy at Campbell University, Buies Creek, North Carolina. “If PBS won’t do it, who will?” Clever PBS slogan all right, but as to the part about “who will?”—how about the [...]
1Oct1997 | William H. Peterson | 5 comments | ContinuedThe Rich Get Richer, and the Poor Get . . .
The allegation is appearing everywhere: Real average wages are stagnating and the distribution of wealth and income in the United States is becoming more unequal. In his latest book, Galbraith cites recent Federal Reserve statistics: By 1992, the top 5 percent were getting an estimated 18 percent, a share that in more recent years has become substantially larger, as that of those in the poorest brackets has been diminishing.
1Mar1997 | Mark Skousen | 0 comments | ContinuedPerspective: Economic Research and Economic Education
In 1948, Ludwig von Mises wrote a memorandum to FEE President Leonard Read on the objectives of economic education.[1] In this memorandum, Mises laid out the main fallacies . . . which economic education must unmask. Exposing economic error requires a transcendence of the practical problems of the day: The urgent tasks of the daily [...]
1Jan1997 | Peter J. Boettke | 0 comments | Continued-
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