RE: [Futurework] Galbraith and economics

[Cordell, Arthur: ECOM]

He was pompous and had an over sized ego (to fit is frame ??) , but I don't think "he was wrong."   In fact the right/wrong dichotomy probably doesn't easily apply in economics.   Arthur -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]On Behalf Of Harry Pollard Sent: Wednesday, May 03, 2006 2:31 PM To: [EMAIL PROTECTED]; futurework@fes.uwaterloo.ca Subject: RE: [Futurework] Galbraith and economics Galbraith ran price controls during WWII and this influenced him from thereon.   I think his idea of “balance” was the controlled economy.   He was wrong.   Harry   ********************************* Henry George School of Los Angeles Box 655  Tujunga  CA  91042 818 352-4141 *********************************     From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Lawrence de Bivort Sent: Tuesday, May 02, 2006 11:25 PM To: [EMAIL PROTECTED]; futurework@fes.uwaterloo.ca Subject: [Futurework] Galbraith and economics   This, from our local bookstore:   “John Kenneth Galbraith’s seminal work THE AFFLUENT SOCIETY had a similar galvanizing effect on the nation. Published in 1958, it influenced a generation of activists and helped to set the agenda for the Kennedy-Johnson years. Galbraith was Professor of Economics at Harvard for much of his life, but his view of economics made room for morality and political action. He served Kennedy as ambassador to India and continued to stay active in liberal politics. He continued to write about the need to balance free-market capitalism with government policy in 1973’s Economics and the Public Purpose. In 2004 Richard Parker published a good biography of Galbraith. “You may want to reread The Affluent Society; you will discover that it is all too applicable to today’s social and political climate.”

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