James K. Galbraith holds the Lloyd M. Bentsen Jr. Chair of Government/Business Relations at the Lyndon B. Johnson School of Public Affairs, the University of Texas at Austin. His most recent book, Inequality and Instability was published in March, 2012 by Oxford University Press. The next will be The End of Normal, from Free Press in 2014.

Galbraith holds degrees from Harvard (A.B., 1974) and Yale (PhD in Economics, 1981). He won a Marshall Scholarship to King’s College, Cambridge, and then served on the congressional staff, including as Executive Director of the Joint Economic Committee. He is chair of Economists for Peace and Security and Senior Scholar at the Levy Economics Institute.

In 2010 he was elected to the Accademia Nazionale dei Lincei. In 2012, he was President of the Association for Evolutionary Economics. He is the 2014 co-winner of the Leontief Prize for advancing the frontiers of economic thought.

By this expert

Kapital for the Twenty-First Century?

Article | Mar 30, 2014

What is “capital”? To Karl Marx, it was a social, political, and legal category—the means of control of the means of production by the dominant class. Capital could be money, it could be machines; it could be fixed and it could be variable. But the essence of capital was neither physical nor financial. It was the power that capital gave to capitalists, namely the authority to make decisions and to extract surplus from the worker.

Inequality and Economic and Political Change: A Comparative Perspective

Paper Conference paper | | Apr 2010

This paper describes the broad evolution of inequality in the world economy over the past four decades, and provides a summary account of the relationship between inequality, economic development, political regimes and the functional distribution of income.

Featuring this expert

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

The Greek Revolt Against Bad Economics Threatens European Elites

Article | Jul 9, 2015

A look behind the scenes of the Greek referendum and what could happen next.

Governing With A Higher Purpose To Spur Innovation

Video | Nov 7, 2014

How can the state manage its central role in the innovation economy if the state itself has become an instrument for facilitating corporate predation?