John Kenneth Galbraith

His Life, His Politics, His Economics

Richard Parker

 John Kenneth Galbraith
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Richard Parker

862 pages | 53 halftones | 6 x 9 | © 2005
Paper $22.50 ISBN: 9780226646770 Published August 2006 Not for sale in the British Commonwealth

John Kenneth Galbraith (1908-2006) was one of America’s most famous economists for good reason. From his acerbic analysis of America’s “private wealth and public squalor” to his denunciation of the wars in Vietnam and Iraq, Galbraith consistently challenged “conventional wisdom” (a phrase he coined). He did so as a witty commentator on America’s political follies and as a versatile author of bestselling books—such as The Affluent Society and The New Industrial State—that warn of the dangers of deregulated markets, corporate greed, and inattention to the costs of our military power. Here, in the first full-length biography of Galbraith and his times, Richard Parker provides not only a nuanced portrait of this extraordinary man, but also an important reinterpretation of twentieth-century public policy and economic practices.

 

“Whatever you may think of his ideas, John Kenneth Galbraith has led an extraordinary life. . . . Doing justice to this life story requires an outsize biography, one that not only tells Mr. Galbraith’s tale but sets it on the broader canvas of America’s political and economic evolution. And Richard Parker’s book does just that.”—Economist

 

“Parker’s book is more than a chronicle of Galbraith’s life; it’s a history of American politics and policy from FDR through George W. Bush. . . . It will make readers more economically and politically aware.”—USA Today

 

 “The most readable and instructive biography of the century.”—William F. Buckley, National Review

      

“The story of this man’s life and work is wonderfully rendered in this magnum opus, and offers an antidote to the public ennui, economic cruelty, and government malfeasance that poison life in America today.”—James Carroll, Boston Globe

"I was initially skeptical about the book's 820 pages . . . but every detail is justified and every digression fascinating. . . . Reading Parker's comprehensive account of the 20th century's economic battles, I can't help thinking that this ought to be Galbraith's moment."--Thomas Frank, New York Times Book Review


"Richard Parker's rich, fascinating, authorized biography of the most famous economist since John Maynard Keynes tells a terrific story—actually dozens of them—and opens a compelling window on the course of 20th Century American liberalism."—Warren Goldstein, Chicago Tribune


“The most readable and instructive biography—certainly of the century. . . . . The book is deeply and intimately informative.”—William F. Buckley, National Review



"John Kenneth Galbraith towered--literally and figuratively--over twentieth-century America. . . . Herewith, a stunningly lucid guide. Richard Parker gives to Galbraith the deep insight and sweeping perspective that Galbraith gives to America."


"This is a superb book, literate and fascinating, about one of the truly original minds of the century. No one can write about contemporary economics, politics, diplomacy, wit, satire, and phrase-making without taking John Kenneth Galbraith into just account, and Richard Parker is the ideal biographer."


"Richard Parker's timely biography of Ken Galbraith and his brilliant career is an extraordinary gift to a nation grappling more than ever with the profound issues that Galbraith addressed so eloquently over so many years with his famed intellect and wit. Galbraith's passion for social justice, his skepticism about excessive power in the hands of either government or the private sector, and his indispensible contributions to progressive politics and economic thought shine through every page of this book, and they are still highly relevant to our twenty-first-century national debate on the great domestic and global chalklenges of our time."


“Wonderfully rendered. . . . Offers an antidote to the public ennui, economic cruelty, and government malfeasance that poison life in America today.”—Boston Globe


“Parker’s book is more than a chronicle of Galbraith’s life; it’s a history of American politics and policy from FDR through George W. Bush. . . . It will make readers more economically and politically aware.”—USA Today



"[This] work is no less than the intellectual history of economics from the disintegration of orthodoxy during the Great Depression to the rise and fall of the Keynesian alternative. The book is a well-written, even indispensable, guide to the intellectual controversies that marked the discipline of economics over the past one hundred years."


"[Parker] turns Galbraith's life into a remarkably well-written and deeply researched tale of one of the most influential economists of the century. As should any excellent buiography, it not only traces the life of the subject but also situates that life in the broader context of events. . . . The result is a rich and detailed economic and political history of the Unted States in the 20th century, with Galbraith at the center of it."


Contents
Introduction: On First Coming to Cambridge
1. Growing Up in Special Places
2. Harvard in the 1930s
3. American Agriculture and the New Deal
4. Getting Ready for Keynes
5. Going to the Temple
6. Moving On—Toward War
7. Now Comes War
8. Luce, Keynes, and "The American Century"
9. Surveying the Consequences of War
10. A New War Beginning
11. Back to Harvard: New Economics and New Voices
12. Stevenson and the Liberals
13. The Affluent Society: Parting Company with the Mainstream
14. Kennedy, Sputnik, and "Liberal Growthmanship"
15. On the New Frontier
16. India
17. Tragedy, Triumph, Tragedy
18. The New Industrial State
19. Collisions
20. Galbraith and Nixon: Two Keynesian Presidents
21. The Price of Hypocrisy
22. The Great Unraveling
23. The Economics of Joy
24. Joy Fades
25. Century's End
Conclusion: The Galbraith Legacy
Notes
Acknowledgments
Index

For more information, or to order this book, please visit http://www.press.uchicago.edu
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