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James K. Galbraith

Involvement

Galbraith holds degrees from Harvard University (BA) and in economics from Yale University (MA, M.Phil, PhD). He was Executive Director of the Joint Economic Committee of the United States Congress in the early 1980s. He chaired the board of Economists for Peace and Security from 1996 to 2016 (www.epsusa.org) and directs the University of Texas Inequality Project (http://utip.lbj.utexas.edu). He is a managing editor of Structural Change and Economic Dynamics.

In 2010, he was elected to the Accademia Nazionale dei Lincei. In 2014 he was co-winner with Angus Deaton of the Leontief Prize for Advancing the Frontiers of Economics. In 2020 he received the Veblen-Commons Award of the Association for Evolutionary Economics.


By this expert

On the US-EU Debate: A Response to Paul Krugman

Article By James K. Galbraith | Jul 13, 2026

A response to Paul Krugman’s recent essay on U.S. and European productivity opens onto a broader question. If the standard metrics point in conflicting directions, perhaps the problem lies less with the economies than with the measures themselves.

Labor Day 2025: The Great Crash (of the Economists)

Article By James K. Galbraith | Aug 29, 2025

Contrary to what many economic models suggest, salaries aren’t constantly recalibrated based on skills or technology. They follow the economy and politics—and common sense: hire when needed, promote from within, and slow hiring when budgets tighten.

Wage Stagnation and Populism: A Comment on David Brooks and Noah Smith

Article By James K. Galbraith | May 27, 2025

Times have changed. Now we have David Brooks, of The New York Times, and economics blogger Noah Smith defending neoliberal globalization from the pincer movement of anti-trade populists from both the right and the left.

The Origins of the Modern Era of the Federal Reserve

Article By James K. Galbraith | Jan 13, 2025

Fifty years ago the actions of the Federal Reserve mattered. Today, so far as the aggregate measures of the American domestic economy go, they do not.

Featuring this expert

Sanctions: To Russia with Love

Video Featuring James K. Galbraith | Feb 28, 2024

James Galbraith flips the script on sanctions. How has Russia adapted?

5th Annual UNCTAD-YSI Summer School

Challenges and Opportunities of a New International Economic Order

YSI Event Workshop YSI | Aug 1–6, 2022

The 5th UNCTAD YSI Summer School provides an opportunity to explore the Challenges and Opportunities of a New International Economic Order. The school will bring together UNCTAD experts, academics, diplomats, and young scholars from across the globe for lively and stimulating intellectual debates.

Still Swimming Against the Tide?

40 Years of Thinking on Trade and Development

YSI Event Workshop YSI | Aug 1–7, 2021

The 4th UNCTAD YSI Summer School celebrates the approach and legacy of UNCTAD’s annual Trade and Development Report (TDR). The school will bring together UNCTAD experts, academics, diplomats, and young scholars from across the globe for lively and stimulating intellectual debates.

Counterpunch cites James Galbraith’s INET article on the Texas Freeze

News Feb 23, 2021

“Texas’ leaders knew as of 2011 … when the state went through a short severe freeze, that the system was radically unstable in extreme weather,” wrote James K. Galbraith, of the University of Texas at Austin, in the Institute for New Economic Thinking. “But they did nothing,” he wrote. “To do something, they would have had to regulate the system. And they didn’t want to regulate the system, because the providers, a rich source of campaign funding, didn’t want to be regulated and to have to spend on weatherization that was not needed – most of the time.” That’s what happens when the private sector calls the shots. Money first.” — Richard Gross, Counterpunch