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

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.

Economic Forecasting Models & Sanders Program Controversy

Article | Feb 26, 2016

The Romer/Romer letter to Professor Gerald Friedman marks a turning point. It concedes that there are indeed important issues at stake when evaluating the proposed economic policies of Presidential Candidate Bernie Sanders. These issues go beyond the political debate and should be discussed seriously between and among professional economists.

Greece Has Made Tough Choices. Now It's the IMF's Turn.

Article | Jun 18, 2015

The International Monetary Fund’s chief economist, Olivier Blanchard, recently asked a simple and important question: “How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?” But that raises two more questions: How much of an adjustment has Greece already made? And have its creditors given anything at all?

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.

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?