James Galbraith

James K. Galbraith

James K. Galbraith holds the Lloyd M. Bentsen, jr. Chair of Government/Business Relations at the Lyndon B. Johnson School of Public Affairs, the University of Texas at Austin, and a professorship in Government.

Galbraith’s most recent book, The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too was published in August, 2008 by Free Press, with the paperback appearing in May, 2009. It was the number 1 Amazon hard cover best seller on O Unbearable Cost: Bush, Greenspan and the Economics of Empire was published by Palgrave-MacMillan in late 2006. He is the author in all of seven books and several hundred scholarly and policy articles, including columns in Mother Jones and articles in The American Prospect, the Nation, and the Texas Observer.

Galbraith holds degrees from Harvard and Yale (Ph.D. in Economics, 1981). He studied economics as a Marshall Scholar at King's College, Cambridge, and later served on the staff of the U.S. Congress, including as Executive Director of the Joint Economic Committee, before joining the faculty of the University of Texas in 1985. In public life he organized congressional oversight of the Federal Reserve (the Humphrey-Hawkins hearings) and worked on financial crises including New York City, the Chrysler Corporation and the Third World debt crisis of the 1980s. In the 1990s he served for four years as Chief Technical Adviser for macroeconomic reform to the State Planning Commission of China. He was widely identified as an adviser to the Obama campaign in the summer and fall of 2008, and was called to advise the House of Representatives on the TARP legislation in September, 2008, and on recovery strategy in December.

Galbraith’s research has focused on the measurement and understanding of inequality in the world economy, under the rubric of the University of Texas Inequality Project. His policy writing ranges from monetary policy to the economics of warfare, with forays into politics and history, especially the history of the Vietnam war. He is a Senior Scholar with the Levy Economics Institute, and Chair of the Board of Economists for Peace and Security, an international association of professional economists. He held a Fulbright Distinguished Visiting Lectureship in China in the summer of 2001, and was named a Carnegie Scholar in 2003

Visit the web-site of the University of Texas Inequality Project at http://utip.gov.utexas.edu for current research and an archive of published writings. Papers on macroeconomic topics can be found on the Levy web-site at www.levy.org . The work of EPS is at www.epsusa.org. Information on The Predator State is at http://predatorstate.com