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James K. Galbraith

James K. Galbraith

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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, 2025).

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  1. The Democrats Committed Suicide This Year
    galbraith38_MandelNganGettyImages_democrats_funeral Mandel Ngan/Getty Images

    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.

  2. 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.

  3. Inflation Shamanism
    galbraith36_STRNurPhoto via Getty Images_krugman STR/NurPhoto via Getty Images

    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.

  4. Economic Theory for the Real World
    galbraith33 Getty Images

    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.

  5. High Interest Rates Finally Bite
    galbraith35_Andrew HarnikGetty Images_powell Andrew Harnik/Getty Images

    High Interest Rates Finally Bite

    Aug 6, 2024 James K. Galbraith sees in the stock-market crash an outcome that a 17-year-old economic model fully explains.

  1. jin26_Feng KaihuaXinhua via Getty Images_chinaarabinvestment Feng Kaihua/Xinhua via Getty Images

    China Is Better Prepared Than America for a Divorce

    Keyu Jin shows how the country has been reorienting and even expanding its global economic footprint.
  2. jackowski1_Ricardo ArduengoGettyImages_florida_hurricane_destruction Ricardo Arduengo/Getty Images

    Digital Financial Inclusion Strengthens Climate Resilience

    Ellen Jackowski calls for reducing the number of unbanked people and building digital infrastructure in vulnerable communities.
  3. ito43_HandoutGettyImages_yoon_suk_yeol_impeachment Handout/Getty Images

    The High Cost of South Korea’s Short-Lived Martial Law

    Takatoshi Ito

    Even as South Korea was plunged into political turmoil following the president’s short-lived declaration of martial law, financial markets have remained calm. But the country still has months of political uncertainty ahead, leaving it in a weak position to respond to US policy changes when President-elect Donald Trump takes office.

    argues that while markets shrugged off the recent turmoil, the episode could have long-lasting consequences.
  4. castaneda91_AndalouGettyImages_mexico_immigration_enforcement Andalou/Getty Images

    Did Mexico Help Trump Get Elected?

    Jorge G. Castañeda speculates that former President Andrés Manuel López Obrador used migration flows to influence the US election.
  5. chatoux1_Dilok KlaisatapornGetty Images_carbonremoval Dilok Klaisataporn/Getty Images

    How the EU Can Scale Up Carbon Removal

    Ludovic Chatoux & Sophia Escheu urge European policymakers to use regulation to increase investment in this crucial green technology.
  6. bildt130_Andrew Caballero-ReynoldsGettyImages_syria_pedersen_un Andrew Caballero-Reynolds/Getty Images

    The Way Forward in Syria

    Carl Bildt urges all parties involved to support the political roadmap that the United Nations adopted in 2015.
  7. alvarado1_Marcos PinGettyImages_ecuador_crime_scene Marcos Pin/Getty Images

    Crime Is Punishing Latin America’s Economies

    Nathalie Alvarado & Ana María Ibáñez explain how the problem acts as a tax on development – one that the region can no longer afford to pay.
  8. palacio164_GREG BAKERAFP via Getty Images_xichinesedream Greg Baker/AFP via Getty Images

    China’s New Social Contract

    Ana Palacio highlights a fundamental shift in priorities brought about by slowing growth and changing public expectations.
  9. haass175_Citizens of the PlanetGettyImages_oil_rig_solar_panels

    The Energy Transition That Couldn’t

    Richard Haass & Carolyn Kissane

    Dominant intellectual frameworks persist until their limitations in describing reality become undeniable, paving the way for a new paradigm. The idea that the world can and will replace fossil fuels with renewables has reached that point.

    argue that replacing fossil fuels with renewables is an idea that has exhausted its utility.

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