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James K. Galbraith

James K. Galbraith

39 commentaries
1 videos & podcasts

James K. Galbraith, Professor of Government and Chair in Government/Business Relations at the University of Texas at Austin, is a former staff economist for the House Banking Committee and a former executive director of the Joint Economic Committee of Congress. From 1993-97, he served as chief technical adviser for macroeconomic reform to China’s State Planning Commission. He is the co-author (with Jing Chen) of the forthcoming Entropy Economics: The Living Basis of Value and Production (University of Chicago Press).

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  1. Mainstream Economics’ Medieval Inflation Medicine
    galbraith31_Kent Nishimura  Los Angeles Times via Getty Images_fed Kent Nishimura/Los Angeles Times via Getty Images

    Mainstream Economics’ Medieval Inflation Medicine

    Dec 29, 2023 James K. Galbraith shows how prevailing economic thinking is analogous to the theory of the “four humors” in ancient medicine.

  2. Will High Interest Rates Trigger a Debt Disaster?
    galbraith30_Win McNameeGetty Images_powell Win McNamee/Getty Images

    Will High Interest Rates Trigger a Debt Disaster?

    Dec 1, 2023 James K. Galbraith shows that renewed warnings about dangerous debt-to-GDP ratios are belied by history and recent experience.

  3. Why Mainstream Economics Got Inflation Wrong
    galbraith29_STEFANI REYNOLDSAFP via Getty Images_jeromepowell Stefani Reynolds/AFP via Getty Images

    Why Mainstream Economics Got Inflation Wrong

    Nov 15, 2023 James K. Galbraith thinks the misdiagnosis of price growth in 2021-22 speaks to a larger problem with the discipline.

  4. Down on the Biden Economy
    galbraith28_ Chip SomodevillaGetty Images_biden Chip Somodevilla/Getty Images

    Down on the Biden Economy

    Sep 20, 2023 James K. Galbraith thinks the failure of wages to keep up with inflation explains much of the public’s dour mood.

  5. America’s “New” China Narrative
    galbraith27_ HECTOR RETAMALAFP via Getty Images_china economy HECTOR RETAMAL/AFP via Getty Images

    America’s “New” China Narrative

    Aug 17, 2023 James K. Galbraith thinks the current US conventional wisdom misses the point and is being driven by ulterior motives.

  1. lboone2_Celestino ArceNurPhoto via Getty Images_ukraine Celestino Arce/NurPhoto via Getty Images

    Europe’s Red Tape Is Helping Russia

    Laurence Boone & Nicu Popescu

    The European Union’s cumbersome and narrowly defined regulations for public procurement and spending are not simply inadequate; they are dangerous. They weaken the bloc’s ability to protect itself from a broad range of Russian hybrid attacks while prolonging Russia’s aggression in Ukraine.

    propose a European Defense Production Act to help fast-track processes for public procurement and spending.
  2. posner31_Spencer PlattGetty Images_trumptrial Spencer Platt/Getty Images

    What to Look for in Trump’s First Trial

    Eric Posner

    The intricate legal issues and colorful characters in Donald Trump's criminal trials will undoubtedly keep the media and the viewing public enraptured for months to come. But when it comes to the 2024 election, all that really matters is how the defendant appears to a narrow sliver of undecided voters.

    points out that optics, more than the law or the facts, will be what matters most for the election.
  3. nixonsaintil2_shark_749Getty Images_AIdataclimatecity shark_749/Getty Images

    AI Holds the Key to Resilient Cities

    Justina Nixon-Saintil surveys the technology's foreseeable applications in promoting urban sustainable development.
  4. ito36_ KAZUHIRO NOGIAFP via Getty Images_boj KAZUHIRO NOGI/AFP via Getty Images

    How Risky Is Japan’s Monetary-Policy Normalization?

    Takatoshi Ito considers the implications of the central bank’s exit from negative interest rates and quantitative easing.
  5. bansal1_Getty Images_family Getty Images

    As Families Change, So Must the Safety Net

    Neha Bansal urges governments to implement policies that promote intergenerational integration and solidarity.
  6. skidelsky200_Getty Images_speech Getty Images

    The Language of Political Control

    Robert Skidelsky views recent linguistic innovations as manipulative efforts to compel “correct” thought and perception.
  7. basu101_Alfonso Sangiao iStock  Getty Images Plus_voting Alfonso Sangiao/iStock / Getty Images Plus

    Globalization vs. Democracy

    Kaushik Basu highlights the contradictions and vulnerabilities inherent in the current international order.
  8. coyle36 Alishia AbodundeGetty Images INFRASTRUCTURE Alishia Abodunde/Getty Images

    The West’s New Infrastructure Imperative

    Diane Coyle explains why a broader conception of the term could reflect a renewed interest in investing in the future.
  9. bp iran israel Photo by Mostafa Alkharouf/Anadolu via Getty Images

    An Iran-Israel War?

    Iran’s mass ballistic missile and drone attack on Israel last week raised anew the specter of a widening Middle East war that draws in Iran and its proxies, as well as Western countries like the United States. The urgent need to defuse tensions – starting by ending Israel’s war in Gaza and pursuing a lasting political solution to the Israeli-Palestinian conflict – is obvious, but can it be done?

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