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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. delong259_ChesnotGetty Images_musk Omar Marques/Getty Images

    Musk Has Made Tesla a Meme Stock

    J. Bradford DeLong worries that the first mover in electric vehicles is increasingly running on bucket-shop hype.
  2. buchholz15_Al Drago-PoolGetty Images_yellen Al Drago/Pool/Getty Images

    The US Treasury’s Bond Blunder Will Cost Gen Z Dearly

    Todd G. Buchholz & James Carter thinks the US should have locked in favorable borrowing rates when it had the chance.
  3. james217_ Christopher FurlongGetty Images_gold Christopher Furlong/Getty Images

    What’s Driving the Global Gold Rush?

    Harold James considers the political factors pushing the price of the “barbarous relic” to all-time highs.
  4. stiglitz333_ Chip SomodevillaGetty Images_bidentrump Chip Somodevilla/Getty Images

    Global Elections in the Shadow of Neoliberalism

    Joseph E. Stiglitz

    While scandals, culture wars, and threats to democracy dominate the headlines, the biggest issues in this super election year ultimately concern economic policies. After all, the rise of anti-democratic populist authoritarianism is itself the legacy of a misbegotten economic ideology.

    considers what 40 years of anti-government, low-tax, deregulatory advocacy have wrought around the world.
  5. terzi6_green transition degrowth Getty Images

    Averting Climate Catastrophe Requires Economic Growth

    Alessio Terzi & Gernot Wagner show why shrinking the global economy, as envisaged by advocates of degrowth, is a bad way to cut emissions.
  6. varoufakis114_KIRILL KUDRYAVTSEVAFP via Getty Images_germany protests KIRILL KUDRYAVTSEV/AFP via Getty Images

    Banned By Germany

    Yanis Varoufakis

    Germany recently prohibited a Palestinian Congress from taking place in Berlin, arrested its Jewish supporters, and barred one of its organizers, Greece’s former finance minister, from entering the country. But the turn to repression is powerful evidence that the country’s pro-Israel political consensus is breaking down.

    sees in his case an effort to enforce with repression a pro-Israel political consensus that is breaking down.
  7. sheng147_ Annabelle ChihGetty Images_taiwansemiconductors Annabelle Chih/Getty Images

    China Should Emulate Taiwan’s Tech Policies

    Andrew Sheng & Xiao Geng urge the Chinese government to follow the island's lead by embracing the financialization of innovation.
  8. leonard100_CHRISTOPHE PETIT TESSONPOOLAFP via Getty Images_macron CHRISTOPHE PETIT TESSON/POOL/AFP via Getty Images

    The Macron Moment

    Mark Leonard thinks the French president has the capability to provide the strategic leadership that Europe needs.
  9. lshuo1_Ryan PyleCorbis via Getty Images_china coal Ryan Pyle/Corbis via Getty Images

    Is Climate Action China’s Trump Card?

    Li Shuo & Lauri Myllyvirta explain why the country’s emissions-reduction plan for 2035 could accelerate the fight against global warming.

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