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James K. Galbraith

James K. Galbraith

47 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 Entropy Economics: The Living Basis of Value and Production (University of Chicago Press, 2025).

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  1. Economists’ Way Out of the Wilderness
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    Economists’ Way Out of the Wilderness

    Jan 20, 2025 James K. Galbraith argues that the continued dominance of nineteenth-century thinking has resulted in a catalogue of failure.

  2. The Democrats Committed Suicide This Year
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    The Democrats Committed Suicide This Year

    Nov 13, 2024 James K. Galbraith thinks the party has only itself to blame for losing the 2024 election on low voter turnout.

  3. Elon Musk Gets Trump’s Economic Plans Partly Right
    galbraith37_Anna MoneymakerGetty Images_elonmusktrump Anna Moneymaker/Getty Images

    Elon Musk Gets Trump’s Economic Plans Partly Right

    Nov 1, 2024 James K. Galbraith argues that only a tycoon could love Donald Trump’s proposed tariffs, deportations, and spending cuts.

  4. Inflation Shamanism
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    Inflation Shamanism

    Sep 20, 2024 James K. Galbraith marvels at the Federal Reserve's ability to win praise for positive outcomes it did not cause.

  5. Economic Theory for the Real World
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    Economic Theory for the Real World

    Sep 9, 2024 James K. Galbraith offers a new conceptual framework based on twenty-first-century science and simple observation.

  1. fbirol4_UCGGettyImages_south_africa_power_grid UCG/Getty Images

    What African Electrification Requires

    Fatih Birol & Alain Ebobissé highlight the need for greater private-sector participation to boost investments in power grids.
  2. nye268_John MooreGetty Images_trumpUN John Moore/Getty Images

    How World Order Changes

    Joseph S. Nye, Jr.

    World order is a matter of degree: it varies over time, depending on technological, political, social, and ideological factors that can affect the global distribution of power and influence norms. It can be radically altered both by broader historical trends and by a single major power's blunders.

    examines the role of evolving power dynamics and norms in bringing about stable arrangements among states.
  3. buruma226_Picture AllianceGettyImages_tel _aviv_antiwar_protests Picture Alliance/Getty Images

    Israel’s Blind Spot

    Ian Buruma explains the lack of sympathy, even among the country’s many anti-war protesters, for Palestinian suffering.
  4. sirimanne1_Visual China Group via Getty ImagesVisual China Group via Getty Images_robotelderly Visual China Group via Getty Images

    Will AI Close or Widen the Development Gap?

    Shamika Sirimanne & Xiaolan Fu call for multilateral action and grassroots pressure to ensure that the technology serves all countries.
  5. dickinsongoodman1_DrAfter123Getty Images_datasurveillance DrAfter123/Getty Images

    Don’t Let Governments Break Encryption

    Jessica Dickinson Goodman & Ezequiel Passeron Kitroser urge citizens and lawmakers to fight for the privacy that previous generations took for granted.
  6. wmoore1_Sofiia PetrovaGetty Images_babyvitamins Sofiia Petrova/Getty Images

    Philanthropy in an Era of Declining Development Aid

    William Moore urges practitioners and policymakers to focus on already proven, scalable solutions.
  7. adebajo14_Bill PuglianoGettyImages_trump_wrestlemania Bill Pugliano/Getty Images

    South Africa’s Wrestling Match With Trump

    Adekeye Adebajo considers whether the current G20 president can still advance its agenda in the face of US obstruction.
  8. haldar44_ Ann Ronan PicturesPrint CollectorGetty Images_aristotle Ann Ronan Pictures/Print Collector/Getty Images

    How Aristotle Can Save Us

    Antara Haldar touts a conception of society in which politics and education cultivate the virtue of its members.
  9. laidi35_Pacific PressGettyImages_kaja_kallas_un Pacific Press/Getty Images

    Trump vs. Europe

    Zaki Laïdi

    Donald Trump has left no doubt that he wants to build an authoritarian, illiberal world order based on traditional spheres of influence and agreements with other illiberal leaders. The only role that the European Union plays in his script is an obstacle that must be pushed aside.

    warns that the European Union has no place in Donald Trump’s illiberal worldview.

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