Galbraith, James K. | LBJ School of Public Affairs | The University of Texas at Austin
  • 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.

Dr. 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 Sen. Bernie Sanders (I-VT). 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.

Dr. 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


Media MentionSeptember 1, 2020
Rebuilding the Economy Will Require Joe Biden to Think Very Differently Than 2009

Professor James K. Galbraith writes about economic growth after the pandemic. The Biden-Sanders Unity Task Force report on which the Democratic platform is based, confirms that economic thinking on Team Biden, even among its most progressive elements, is essentially the same as that behind the Obama-Biden strategy for the previous economic crisis, from 2008 to 2009.  But the underlying situation now is in many ways much more serious and intractable.

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Media MentionJuly 9, 2020
James Galbraith: 'The United States economy was a house of cards that collapsed with the pandemic

"'We will not see a rapid economic recovery because the problems of the American economy are structural,' said LBJ's James Galbraith, author of books like Inequality: What Everyone Needs to Know and Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe, to BBC Mundo.

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Media MentionJune 23, 2020
Yes, someone is to blame

A pandemic may be represented as a "natural disaster." A global depression is, however, the product of ideology and powerful political actors, write LBJ's James Galbraith and Albena Azmanova.  

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