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

What the Government Needs to Do Next

Article | Mar 23, 2020

Tax rebates, tax cuts and business bailouts will not solve this crisis. Here’s what’s needed.

Who’s Afraid of John Maynard Keynes?

Article | Aug 30, 2019

An except from Galbraith’s review of Paul Davidson’s Who’s Afraid of John Maynard Keynes? Challenging Economic Governance in an Age of Growing Inequality

Capitalism’s Great Reckoning

Article | Jun 24, 2019

As the maladies of modern capitalism have multiplied, fundamental questions about the future of the world’s dominant economic model have become impossible to ignore. But in the absence of viable alternatives, the question is how to reform a system that is increasingly at odds with democracy.

Piketty's World Inequality Review: A Critical Analysis

Article | Jan 2, 2019

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

Featuring this expert

Lazonick links stock buybacks to America’s jobs challenge

Video | Nov 4, 2016

In an Al Jazeera documentary “In Search of the Great American Job”, Institute scholar William Lazonick offers some arch insights into the relationship between financialization — particularly the “shareholder value” ideology in corporations, which drives the transfer of profits to shareholders through stock buybacks — and job creation and inequality.

Austerity without debt relief courts new unrest in Greece

Article | May 9, 2016

Economist James K. Galbraith warns that ‘unrealistic expectations’ by Athens’ creditors is a recipe for turmoil

When Economists Attack

Article Apr 20, 2016

How Gerald Friedman’s assessment of Bernie Sanders economic proposals prompted a rare public political spat among economists.

The Institute at ASSA

Event Discussion | Jan 2, 2016

Join us for a reception at the ASSA conference in San Francisco