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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
    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.

  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. ghosh84_NurPhotoGettyImages_wind_power_grid NurPhoto/Getty Images

    Decommodify Electricity

    Jayati Ghosh shows why the market cannot mobilize the clean-energy investments needed to accelerate the green transition.
  2. moyo31_VCGVCG via Getty Images_semiconductors VCG via Getty Images

    Three Reasons Why AI’s Momentum Could Stall in 2025

    Dambisa Moyo

    While artificial intelligence has the potential to drive global growth and boost productivity, the industry is grappling with mounting challenges like soaring development costs and energy requirements. Meanwhile, investors are questioning whether AI investments can deliver meaningful returns.

    identifies three negative trends that could stifle innovation and slow the pace of technological progress.
  3. arezki20_Miguel CandelaSOPA ImagesLightRocket via Getty Images_indiamanufacturing Miguel Candela/SOPA Images/LightRocket via Getty Images

    Solving India’s Industrialization Puzzle

    Rabah Arezki & Partha Sen ask why, unlike Bangladesh and Vietnam, manufacturing has not benefited from rising labor costs in China.
  4. perincek1_RODGER BOSCHAFP via Getty Images_africarareearthmine Rodger Bosch/AFP via Getty Images

    Ensuring Europe’s Supply of Critical Minerals

    Rüya Perincek & Andreas Goldthau call for coordinated funding, resource diplomacy, and secondary material partnerships to boost recycling.
  5. tyson122_Andrew HarnikGettyImages_gavin_newsom Andrew Harnik/Getty Images

    Readying the Resistance, Again

    Laura Tyson & Lenny Mendonca

    The United States is not a monarchy, but a federal republic. States and cities controlled by Democrats represent half the country, and they can resist Donald Trump’s overreach by using the tools of progressive federalism, many of which were sharpened during his first administration.

    see Democrat-controlled states as a potential check on Donald Trump’s far-right agenda.
  6. khrushcheva189_Konstantin ZavrazhinGettyImages_nostalgic_man Konstantin Zavrazhin/Getty Images

    Russia’s Nostalgia Machine

    Nina L. Khrushcheva explores how the Kremlin relies on an idealized version of the past to comfort – and subdue – the public.
  7. goldberg33_Lauren DeCiccaGetty Images_shippinglaos Lauren DeCicca/Getty Images

    The Trade Shifts Redefining Economic Development

    Pinelopi Koujianou Goldberg & Michele Ruta consider the long-term implications of three major trends that could reshape globalization.
  8. fischer224_Chip SomodevillaGetty Images_trumpinauguration Chip Somodevilla/Getty Images

    Trump at the Gates

    Joschka Fischer urges Europeans to recognize that they are now on their own in an increasingly dangerous world.
  9. stiglitz347_Kevin DietschGettyImages_bye_biden Kevin Dietsch/Getty Images

    The End of Progress?

    Joseph E. Stiglitz predicts that Donald Trump’s second administration will be defined by its rejection of Enlightenment values.

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