Works
Although he was a president of the American Economic Association, Galbraith was considered an iconoclast by many economists. This is because he rejected the technical analyses and mathematical models of neoclassical economics as being divorced from reality. Rather, following Thorstein Veblen, he believed that economic activity could not be distilled into inviolable laws, but rather was a complex product of the cultural and political milieu in which it occurs. In particular, he believed that important factors such as advertising, the separation between corporate ownership and management, oligopoly, and the influence of government and military spending had been largely neglected by most economists because they are not amenable to axiomatic descriptions. In this sense, he worked as much in political economy as in classical economics.
His work included several best selling works throughout the fifties and sixties. After his retirement, he remained in the public consciousness by continuing to write new books and revise his old works as well as presenting a major series on economics for BBC television in 1977 The Age of Uncertainty.
In addition to his books, he wrote hundreds of essays and a number of novels. Among his novels, A Tenured Professor achieved particular critical acclaim.
He wrote book reviews, e.g., of The Report from Iron Mountain (a 1967 satirical book), under the pen name of Herschel McLandress.
Read more about this topic: John Kenneth Galbraith
Famous quotes containing the word works:
“Men seem anxious to accomplish an orderly retreat through the centuries, earnestly rebuilding the works behind them, as they are battered down by the encroachments of time; but while they loiter, they and their works both fall prey to the arch enemy.”
—Henry David Thoreau (1817–1862)
“The subterranean miner that works in us all, how can one tell whither leads his shaft by the ever shifting, muffled sound of his pick?”
—Herman Melville (1819–1891)
“Piety practised in solitude, like the flower that blooms in the desert, may give its fragrance to the winds of heaven, and delight those unbodied spirits that survey the works of God and the actions of men; but it bestows no assistance upon earthly beings, and however free from taints of impurity, yet wants the sacred splendour of beneficence.”
—Samuel Johnson (1709–1784)