Galbraith, James K. | LBJ School of Public Affairs | The University of Texas at Austin
Education
  • Ph.D., Yale University, 1981
  • M. Phil., Yale University, 1978
  • M.A., Yale University, 1977
  • A.B., Harvard University, 1974
Teaching Areas
  • Economics
  • Social Policy
  • Development Policy

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

Galbraith was executive director of the Joint Economic Committee of the U.S. Congress in the early 1980s. He chaired the board of Economists for Peace and Security (1996–2016) and directs the University of Texas Inequality Project. He is a managing editor of Structural Change and Economic Dynamics.

From 1993 to 1997, he served as chief technical adviser to China's State Planning Commission for macroeconomic reform, and in 2016 he advised the presidential campaign of Senator Bernie Sanders. In 2014 he was co-winner, with Angus Deaton, of the Leontief Prize for Advancing the Frontiers of Economics. He holds honorary degrees from the Université Pierre Mendes-France in Grenoble and from the Plekhanov University of Economics in Moscow.

Galbraith's books include Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe (2016); Inequality: What Everyone Needs to Know (2016); The End of Normal: The Great Crisis and the Future of Growth (2014); Inequality and Instability: A Study of the World Economy Just Before the Great Crisis (2012); The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too (2008); Unbearable Cost: Bush, Greenspan, and the Economics of Empire (2006); Inequality and Industrial Change: A Global View (with M. Berner) (2001); Created Unequal: The Crisis in American Pay (1998); Macroeconomics (with W. Darity Jr.) (1992); and Balancing Acts: Technology, Finance and the American Future (1989).

 

Media Expertise
  • Economic development
  • Economics
  • Inequality

Newsworthy

March 26, 2020
Op-Ed: We need food, medicine and safety — not tax cuts and corporate bailouts — to face coronavirus

"As the COVID-19 crisis deepens, my fellow economists have reached deep into their bare cupboards of old ideas, and what have they found?," writes economist and LBJ Professor James Galbraith in the Los Angeles Times.

"Models that do not work: bailouts for big companies. Tax cuts for people well-off enough to owe taxes. Cash-grant schemes, a favorite of the universal-income crowd.

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NewsMarch 26, 2020
LBJ School launches virtual series, 'LBJ In the Arena,' to explore public policy’s critical role in dealing with COVID-19

In recent weeks, COVID-19 has reshaped the way Americans live, work, learn and govern. In response, the Lyndon B. Johnson School of Public Affairs at The University of Texas at Austin will convene "LBJ In the Arena," an eight-week virtual event series exploring the impact of COVID-19 on our communities, starting April 1, 2020.

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Media MentionMarch 23, 2020
What the Government Needs to Do Next

"Tax rebates, tax cuts and business bailouts will not solve this crisis," argues conomist and LBJ Professor James Galbraith of the U.S. government response to the COVID-19 emergency. He lays out the steps that the government should take right away to mitigate damage and preserve public health and order. 

 

 

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