Memorializing John K. Galbraith: A Review of His Major Works, 1908–2006

Lall Ramrattan and Michael Szenberg ()

The American Economist, 2010, vol. 55, issue 1, 31-45

Abstract: This paper attempts to address the essential legacy of Kenneth Galbraith (1908–2006) spread over a broad range of subjects. Galbraith is a forerunner of the most popular, imaginative and idea creating economic writers of the last century. His economic eyes were the first to discern the historic and institutional forces behind the countervailing powers of big business and big unions, the culmination of techno structure in the land-capital dominance of the evolution of factors of production, the pairing of buyers and sellers for market clearance in disequilibrium, and as Milton Friedman stated, the only person who has made a serious attempt to justify price and wage controls.

Keywords: Institutional Economics; Technostructure; Countervailing Power; Wage-Price Control; Economic Planning (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:55:y:2010:i:1:p:31-45

DOI: 10.1177/056943451005500104

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