Galbraith and the Problem of Uneven Development

Jim Peach

Journal of Economic Issues, 2008, vol. 42, issue 1, 25-35

Abstract: This article examines John Kenneth Galbraith’s contributions to the field of economic development. Galbraith’s works on economic development were numerous, but they remain largely ignored by his critics and fans alike. He approached the economic development problem with a keen understanding of both the economic and political forces shaping the development debate. Galbraith’s contributions to development economics were always focused on how to get the job done. Doing so required different strategies in an exceedingly diverse community of nations. His work remains relevant. The literature is only now beginning to recognize that this holistic approach to development is a necessary alternative to single-causation theories of world poverty. Galbraith’s approach to development problems is consistent with (and perhaps inspired by) original institutional economics (OIE) in the tradition of Thorstein Veblen and Clarence Ayres.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:42:y:2008:i:1:p:25-35

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DOI: 10.1080/00213624.2008.11507112

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