Works
Although he was a president of the American Economic Association, Galbraith was considered an iconoclast by many economists. This is because he rejected the technical analyses and mathematical models of neoclassical economics as being divorced from reality. Rather, following Thorstein Veblen, he believed that economic activity could not be distilled into inviolable laws, but rather was a complex product of the cultural and political milieu in which it occurs. In particular, he believed that important factors such as advertising, the separation between corporate ownership and management, oligopoly, and the influence of government and military spending had been largely neglected by most economists because they are not amenable to axiomatic descriptions. In this sense, he worked as much in political economy as in classical economics.
His work included several best selling works throughout the fifties and sixties. After his retirement, he remained in the public consciousness by continuing to write new books and revise his old works as well as presenting a major series on economics for BBC television in 1977 The Age of Uncertainty.
In addition to his books, he wrote hundreds of essays and a number of novels. Among his novels, A Tenured Professor achieved particular critical acclaim.
He wrote book reviews, e.g., of The Report from Iron Mountain (a 1967 satirical book), under the pen name of Herschel McLandress.
Read more about this topic: John Kenneth Galbraith
Famous quotes containing the word works:
“A complete woman is probably not a very admirable creature. She is manipulative, uses other people to get her own way, and works within whatever system she is in.”
—Anita Brookner (b. 1938)
“Are you there, Africa with the bulging chest and oblong thigh? Sulking Africa, wrought of iron, in the fire, Africa of the millions of royal slaves, deported Africa, drifting continent, are you there? Slowly you vanish, you withdraw into the past, into the tales of castaways, colonial museums, the works of scholars.”
—Jean Genet (1910–1986)
“Reason, the prized reality, the Law, is apprehended, now and then, for a serene and profound moment, amidst the hubbub of cares and works which have no direct bearing on it;Mis then lost, for months or years, and again found, for an interval, to be lost again. If we compute it in time, we may, in fifty years, have half a dozen reasonable hours.”
—Ralph Waldo Emerson (1803–1882)