John Kenneth was a Canadian economist, public official, and a leading proponent of 20th-century American liberalism. He was a Keynesian and an institutionalist. His books on economic topics were bestsellers from the 1950s through the 2000s and he filled the role of public intellectual from the 1950s to the 1970s on matters of economics.
Galbraith was known more as a popular writer on economic subjects than as an economist. He owed his popularity as a writer to his witty, readable style and to his willingness to reject the dogmas and traditions of the economics profession--especially the idea that large corporations are at the mercy of the market forces of supply and demand. Galbraith's writings, in contrast, emphasized the power of big businesses to shape the economy as they please, largely free of the constraints that competition places on smaller firms. As a cure for inflation, Galbraith advocated price controls.
Despite his emphasis on corporate power, Galbraith was no Marxist. He believed that the policies of large corporations are governed mainly by technological and bureaucratic necessity, not by the capitalists' search for profits.
- The Theory of Price Control and Black Markets
- This work on the theory of price control and the black markets that they can engender covers historical factors, the OPA debate, the procurement problem, unregulated monopoly, mechanisms of control, fixed procurement, the competitive model and an Indian alternative.
- After McDonaldization: Mission, Ministry, and Christian Discipleship in an Age of Uncertainty
- The decline in church attendance continues in the US and Europe, yet increasing numbers of people are turning to 'spirituality'; the continuing impact of globalization and consumerism has been joined by a post-9/11 culture of fear and a search for truth.
- American Capitalism: The Concept of Countervailing Power (Classics in Economics)
- In his new introduction to this classic text on political economy, Galbraith reasserts the validity of the core thesis of American Capitalism: The best and established answer to economic power is the building of countervailing power.
- The Great Evangelical Recession: 6 Factors That Will Crash the American Church...and How to Prepare
- Warning of an impending evangelical crisis, third-generation pastor and award-winning journalist combines quality research, heartfelt hope, and practical application for the purpose of igniting the church toward a better future.
Born October 15, 1908
Died April 29, 2006