The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Galbraith, John Kenneth (1908–2006)

  • Lester C. Thurow
Reference work entry


John Kenneth Galbraith was a paradox. Born in Canada in 1908, he began his professional career armed with a Ph.D. in agricultural economics from the University of California. During the Second World War he was in charge of price controls and immediately after was director of the Strategic Bombing Survey. Later he was in charge of economic affairs in the occupied countries and was awarded the Medal of Freedom for his efforts. He became a Professor of Economics at Harvard, a President of the American Economic Association, and an advisor to presidents and presidential candidates, the latter leading to his appointment as ambassador to India during the Kennedy Administration.


Corporatism Countervailing power Galbraith, J. K. Invisible hand Planning Price control Technical change 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Lester C. Thurow
    • 1
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