The Dissenting Economist: J. K. Galbraith

David Reisman

Chapter 5 in Twelve Contemporary Economists, 1981, pp 72-86 from Palgrave Macmillan

Abstract: Abstract John Kenneth Galbraith was born on 15 October, 1908 in Iona Station, Ontario, and spent his childhood in a Scottish—Canadian farming community dominated by the Puritan hostility to luxury and the Calvinist work-ethic. His father was a teacher turned farmer (and in addition an active member of Canada’s Liberal Party), and Galbraith originally intended too to follow some sort of agrarian career. He graduated in 1931 with a BSc degree from the Ontario Agricultural College (at the time a part of the University of Toronto) and then departed for the United States (not all that foreign a country to a farm boy from Iona Station, situated as it was less than 100 miles from Detroit: heavily dependent on American markets, local farmers were well in­formed about economic and social conditions south of the border) to do a PhD in agricultural economics at the University of California, Berkeley. Two years later he arrived at Harvard as an instructor in economics. His starting salary was $2400.

Keywords: Public Purpose; Affluent Society; Dual Economy; American Capitalism; Corporate Growth (search for similar items in EconPapers)
Date: 1981
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DOI: 10.1007/978-1-349-05498-5_5

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