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FRIDAY, APRIL 18, 2014 | TIPS Subscribe to the breaking newsWhat is RSS?
COVER Page ALL News CHOICE VIDEOS User COMMENTS
SUNDAY, APR 30, 2006| 3 comments
Economist John Kenneth Galbraith dies
WASHINGTON (Reuters) - John Kenneth Galbraith, an influential liberal economist and author of "The Affluent Society," has died at age 97, The New York Times reported on Sunday.

Galbraith, a professor emeritus at Harvard University, died on Saturday at a hospital in Cambridge, Massachusetts, the paper said.

His most famous work, 1958's "The Affluent Society," became a bestseller. In it he argued that the United States had become rich in consumer goods but poor in social services.

British Finance Minister Gordon Brown said Galbraith's work would not be forgotten. "John Kenneth Galbraith was a brilliant economist and writer and a great friend of the United Kingdom and his books will be widely read in generations to come," Brown told Reuters. ...


CLICK HERE to Read Entire Article
news.yahoo.com

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· Page 1 ·  Found: 3 user comment(s)
News Item5/3/06 2:26 PM
Jim | Nebraska  
Neil, the good ones or just the bad ones?

You mean Milton Friedman is being ignored? A market economy has done wonders for China, but that hasn't brought democracy to that country, just wealth. But we both agree there is more to life than monetary wealth.

http://www.ihcc.org/pdf_view.php?pdf=L107

3

News Item5/2/06 3:12 PM
Neil | Tucson  
Jim, don't expect much fuss about theorists of the "dismal science[sic]". Judging by how most Americans behave with money, it seems Keynes's and Galbraith's principles are firmly rooted now.
2

News Item5/2/06 2:34 PM
Jim | Nebraska  
Interesting article. I would have thought that there would be many comments on this one. I would at least have thought there would be dancing in the streets by the supporters of "vodoo" economics.

Of course, he was wrong in many areas. He supported Kennedy. A person who wouldn't even be fit to be on the Boston city council. Kennedy's stupid handling of the Cuban Missle Crisis, and the spin put on it, was one of the things to that led to the Vietnam War. Everyone was angry that Kruschev was able to slip in a Communist government and Russsian troops 90 miles from the U.S. coast. Yeltsin did the same thing to Clinton slipping troops into Kosovena (sp?), but then that was only an airport and not a whole country.

So, Galbraith had his feet planted firmly in the air on many occasions.

1
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