John Kenneth Galbraith was a Canadian-born U.S. economist and diplomat. In the 1930s and 1940s Galbraith taught economics at Harvard University and Princeton University. He served with several federal agencies and was a member of the editorial board of Fortune magazine. He was U.S. ambassador to India (1961–63) and advisor to president John F. Kennedy. Galbraith wrote American Capitalism (1951), a discussion of the balance of economic power among major United States companies, and The Affluent Society (1958), in which he asserted that the United States had reached a stage in its economic development that should enable it to direct its resources less to the production of consumer goods and more toward providing better public services.