James K. Galbraith holds the Lloyd M. Bentsen Jr. Chair in Government/Business Relations at the Lyndon B. Johnson School of Public Affairs and a professorship in Government at The University of Texas at Austin.

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

China and the Supply Chain: A Comment on the June 2021 White House Review

Article | Jun 23, 2021

Contrary to rhetoric from Democrats and Republicans, the U.S. has an economic interest in trade and peace with China

Cold Truth: The Texas Freeze is a Catastrophe of the Free Market

Article | Feb 18, 2021

Texas’s electricity market “reforms” made the current crisis inevitable

CBO Not Competent to Assess Economics of Minimum Wage

Article | Feb 16, 2021

James K. Galbraith slams “unreliable” report claiming that raising the minimum wage would reduce jobs

Reconsideration of Fiscal Policy: A Comment

Article | Dec 7, 2020

A response to Jason Furman and Lawrence Summers

Featuring this expert

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

The Best Way to Measure Inequality

Video | Jan 30, 2019

Thomas Piketty and his colleagues have insisted that tax records are better for measuring inequality than income surveys. They’re wrong.

Glasnost and Perestroika in Economics

Video | Jul 25, 2018

James Galbraith says academic economics is in need of radical reform