John Kenneth Galbraith

This book examines the life and work of John Kenneth Galbraith, a truly iconic figure in progressive modern liberalism and a seminal influence in the rise of heterodox political economy. It emphasizes his continuing relevance to the current research of to

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Albert Jolink JAN TINBERGEN John E. King DAVID RICARDO Paul Mosley and Barbara Ingham SIR ARTHUR LEWIS Warren Young and Esteban Perez ROY HARROD

Great Thinkers in Economics Series Standing Order ISBN 978–14039–8555–2 (Hardback) 978–14039–8556–9 (Paperback) (outside North America only) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and the ISBN quoted above. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England

Also by James Ronald Stanfield THE ECONOMIC SURPLUS AND NEO-MARXISM ECONOMIC THOUGHT AND SOCIAL CHANGE THE ECONOMIC THOUGHT OF KARL POLANYI ECONOMICS, POWER, AND CULTURE JOHN KENNETH GALBRAITH INTERVIEWS WITH JOHN KENNETH GALBRAITH

Also by Jacqueline Bloom Stanfield MARRIED WITH CAREERS: COPING WITH ROLE STRAIN INTERVIEWS WITH JOHN KENNETH GALBRAITH

John Kenneth Galbraith

By

James Ronald Stanfield and

Jacqueline Bloom Stanfield

© James Ronald Stanfield and Jacqueline Bloom Stanfield 2011 Softcover reprint of the hardcover 1st edition 2011 978-0-230-24268-5 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6-10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2011 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN 978-1-349-58995-1 ISBN 978-0-230-30244-0 (eBook) DOI 10.1057/9780230302440 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. A catalog record for this book is available from the Library of Congress. 10 9 8 7 6 5 4 3 2 1 20 19 18 17 16 15 14 13 12