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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
    galbraith39_rudall30Getty Images_businessmanforest rudall30/Getty Images

    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
    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.

  1. gebert5_Amir LevyGetty Images_netanyahuprotest Amir Levy/Getty Images

    Will Qatari Gold Sink Netanyahu?

    Konstanty Gebert

    Israeli Prime Minister Binyamin Netanyahu's decision to fire the country's internal security chief has raised suspicions, given that the move comes just after the launch of an investigation into a new scandal involving his own aides. Israelis are right to worry that they could now be heading for a constitutional crisis.

    explains the latest scandal to hit Israel's increasingly illiberal, norm-breaking government.
  2. khrushcheva191_Anna MoneymakerGettyImages_steve_witkoff Anna Moneymaker/Getty Images

    The US and Russia Are Negotiating in Bad Faith

    Nina L. Khrushcheva thinks the Kremlin is laying the groundwork for a highly favorable deal on the Ukraine war.
  3. schaake12_Thierry MonasseGettyImages_henna_virkkunen Thierry Monasse/Getty Images

    Europe’s Tech Sovereignty Demands More Than Competitiveness

    Marietje Schaake & Max von Thun warn that the European Union’s deregulatory push could undermine its autonomy and fundamental values.
  4. nsofor11_GUY PETERSONAFP via Getty Images_africadoctors Guy Peterson/AFP via Getty Images

    How Should Africa Respond to Foreign-Aid Cuts?

    Ifeanyi M. Nsofor touts the potential of foreign remittances to sustain public services as external support shrinks.
  5. huang6_Sawayasu TsujiGettyImages_china_tariffs Sawayasu Tsuji/Getty Images

    How Should China Respond to Trump’s Tariffs?

    Huang Yiping urges Chinese policymakers to fill the leadership vacuum created by America’s protectionist turn.
  6. oneill132_Feature ChinaFuture Publishing via Getty Images_chinashopping Feature China/Future Publishing via Getty Images

    Who Will Drive the Post-American Global Economy?

    Jim O'Neill considers what other large economies can do to offset the effects of the Trump administration's trade warfare.
  7. op_fofack4_Irwin Wong for The Washington Post via Getty Images_elderlypersonworking Irwin Wong for The Washington Post via Getty Images

    Health Is Wealth in a Geriatric World

    Hippolyte Fofack

    The Global South is increasingly at risk of growing old before becoming rich, which implies huge social and economic costs. To avert this outcome, the Hevolution Foundation, a nonprofit backed by the Saudi royal family, has begun to support research focused on lengthening healthspans – the period of life spent in good health.

    explains why increasing “healthspans” to match lifespans is a moral and economic imperative.
  8. przybylski2_Alexander KoernerGetty Images_germanyarmy Alexander Koerner/Getty Images

    Europe’s Democrats Must Forge a Will to Fight

    Wojciech Przybylski & Goran Buldioski think European leaders' most urgent security task is to nurture citizens' resolve to defend their countries.
  9. mazzucato81_Tomas CuestaGetty Images_javiermileichainsaw Tomas Cuesta/Getty Images

    Governments Are Not Startups

    Mariana Mazzucato & Rainer Kattel explain why ongoing efforts to run the state like a business are doomed to fail.

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