About
John Kenneth Galbraith was a Canadian-American economist, diplomat, public official, and intellectual known for his prolific writing on economic topics. His books became bestsellers from the 1950s through the 2000s, making complex economic ideas accessible to a wide audience. As an economist, he leaned towards post-Keynesian economics from an institutionalist perspective. Galbraith was a prominent figure in shaping economic thought and policy during the 20th century.
Career Timeline
Led Wartime Price Controls
As deputy director of the Office of Price Administration, Galbraith successfully managed price controls during WWII. His work helped stabilize the U.S. economy during wartime.
Published 'American Capitalism'
His first major book introduced the concept of 'countervailing power' in economics. The book established him as a significant economic thinker and bestselling author.
'The Affluent Society' Bestseller
This landmark book critiqued consumer culture and became a massive bestseller, making Galbraith a household name. It fundamentally challenged conventional economic thinking about production and consumption.
U.S. Ambassador to India
Appointed by President Kennedy as Ambassador to India, Galbraith played a key diplomatic role during the Cold War. His service enhanced his reputation beyond academia.
'The New Industrial State' Published
Another bestseller that analyzed corporate power in modern capitalism. The book cemented his status as one of the most influential economists of the 20th century.
Continued Publishing and Teaching
At age 82, Galbraith remained active at Harvard, writing books and articles. His influence continued though newer economic theories began to dominate academic discourse.
Passed Away at Age 97
Galbraith died leaving a legacy as one of the most read economists in history. His books sold millions of copies and he shaped public understanding of economics for generations.
Remembered as Influential Economist
Twenty years after his death, Galbraith is remembered as a towering intellectual figure who made economics accessible to the public. His ideas continue to influence progressive economic thought, though he's more celebrated in policy circles than popular culture.
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Last updated: February 23, 2026