John Kenneth Galbraith

I cannot but help think about Harvard economist John Kenneth Galbraith's concept of "countervailing power". Facebook's vast data trove on the personal lives of 2 billion human beings makes it a digital advertising colossus (with Google) but also a symbol of populist resentment and angst over data privacy ...

Francine got me the Harvard stringer's job and gave me my assignments, which often involved calling John Kenneth Galbraith to ask him if the West was in decline. I collaborated on a piece about campus humor with the Yale stringer, Jane Mayer.” Read her Playbook Plus Q&A: http://politi.co/2ppvqCy.

It's a common trick among modern conservatives, first noted by economist John Kenneth Galbraith: “The search for a superior moral justification for selfishness.” It's the art of wrapping that hard little kernel of greed in a thin foil of altruism. For many Republicans, human-caused climate change is a vast liberal ...

He was a tax cutter who reportedly told liberal economist John Kenneth Galbraith to "shut up" and stop arguing with him about tax cuts and called Albert Gore Sr. a "son of a…" for politically opposing them. Regarding his tax cuts he stated, "This administration intends to cut taxes in order to build the ...

Franklin D Roosevelt and, later, John Kenneth Galbraith, advocated for a “new nationalism” that anchored political power in federal institutions like the National Labor Board. In Great Britain, notions of a national community appeared in the Chartist quest for political rights in the 1840s as well as in Clement ...

It was under the guidance of economist John Kenneth Galbraith the IIT Kanpur became the first institute in India to offer Computer Science education. Located on the Grand Trunk Road, 15 km west of Kanpur city, the institute houses around 6478 students with 3938 undergraduate students and 2540 ...

John Kenneth Galbraith. My fake plants died because I did not pretend to water them. - Mitch Hedberg. Obsolescence never meant the end of anything, it's just the beginning. - Marshall McLuhan. What is great in man is that he is a bridge and not a goal. - Friedrich Nietzsche. Values are like fingerprints.

In the 1960s and early '70s, basic-income-style proposals seemed obvious enough that they found advocates like Martin Luther King, Jr., and Milton Friedman, John Kenneth Galbraith and Margaret Mead, Buckminster Fuller and Friedrich Hayek, George McGovern and Richard Nixon. Governments conducted detailed trials, ...

As John Kenneth Galbraith noted in A Short History of Financial Euphoria (1990), “all sensible people should circle the wagons” at such a time. No less eminent a figure than Alan Greenspan has reminded us that virtually all professional forecasters—including Greenpan himself—missed the warning signs ...

The same aspects of it are constantly repeated, whether by casual tweeters or in widely read economics textbooks by luminaries such as John Kenneth Galbraith. Tulip mania was irrational, the story goes. Tulip mania was a frenzy. Everyone in the Netherlands was involved, from chimney-sweeps to ...

The notion that corporations will pass these cuts to employees in the form of wage and salary increases is an assumption that has been debunked. The beneficiaries have been stockholders in the form of dividends, not the workers. In closing, I'd like to quote the economist John Kenneth Galbraith. He noted ...

The Great Crash 1929 by John Kenneth Galbraith centres on the causes and consequences of the great stock market crash. A 'classic account of financial disaster' may not sound like everyone's cup of tea but it is compelling evidence for the theory that history repeats itself. It's a pity many more people in ...

“In a recent TV appearance, Mike Pesca, sports reporter and journalist, repeated a humorous punchline about the ongoing divorce between the Republican and Democratic parties: 'It is ironic that, when the dust settles, it looks like the Democrats will get football.' I would have responded, 'You know what's ...

The same aspects of it are constantly repeated, whether by casual tweeters or in widely read economics textbooks by luminaries such as John Kenneth Galbraith. Tulip mania was irrational, the story goes. Tulip mania was a frenzy. Everyone in the Netherlands was involved, from chimney sweeps to ...

John Kenneth Galbraith said that the only function of economic forecasting was to make astrology look respectable. And on our Letters page last week, Sir Gordon Downey, a former Treasury official, recalled the urging of 364 economists in 1981 that Sir Geoffrey Howe, then chancellor, change course: “It ...

William F. Buckley 's best friend was John Kenneth Galbraith. They agreed about nothing but skiing and wine. My Dad's best friend was Bill Timmons who thought Roosevelt ruined the country. Dad believed he saved it. They saw nothing eye to eye. We have to get comfortable with gray again; with a lack of ...

Well, while it's true, to paraphrase John Kenneth Galbraith, that the only function of market commentary is to make astrology look respectable, there are at least a few things we can say for sure. The first, and most important, is that the initial impetus for the drop in stock was a rise in wages. Markets, you see ...

As I once heard the famous economics professor John Kenneth Galbraith say, there are two kinds of economists, those who don't know the future, and those who don't know they don't know. And as another famous economist, Paul Samuelson, once said, the stock market has correctly forecast nine of the ...

As John Kenneth Galbraith famously noted in his book The Great Crash, the simple invocation of "strong fundamentals" itself bodes deeply ill. It's what business conservatives always say before the bottom falls out from under everything. It's what John McCain said in 2008, and it's what Irving Fisher said in ...

In “The Culture of Contentment” — first published in 1992 — the economist (and my father) John Kenneth Galbraith ventured that the broad middle classes created by the New Deal had voted for Ronald Reagan and the elder George Bush precisely because the compelling needs that had driven them to ...

During my time as an AP teacher, students were required to read conservative and liberal political economists such as Milton Friedman's Free to Choose and John Kenneth Galbraith's The Age of Uncertainty. These works and related readings required students to use point-counterpoint arguments from ...