John Kenneth Galbraith


John Kenneth Galbraith


William F. Buckley, Jr., tried to make an appointment with Galbraith during a particular week in June. “That week I’ll be teaching at the University of Moscow,” Galbraith said. “Oh? What do you have left to teach them?” inquired the right-wing Buckley.


Economics is extremely useful as a form of employment for economists.

~John Kenneth Galbraith

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Biographical Note: 

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.