Harvard economic professor John Kenneth Galbraith was an influential liberal economist, best-selling author and advisor to presidents Bill Clinton, John F. Kennedy and Lyndon Johnson.
A lifelong Democrat, Galbraith saw the widening gap between the richest and the poorest as a threat to economic stability and a "moral crime," and in The Affluent Society, published in 1958, he advocated large government investment in parks, transportation, education and other public amenities to narrow disparities between rich and poor.
He also was heavily influenced by British economist John Maynard Keynes, who advocated government spending to reduce unemployment. Galbraith often described himself as an "evangelical Keynesian."
Web Sites
- Richard Parker's biography of John Kenneth Galbraith
- Wikipedia
- The Concise Encyclopedia of Economics
- Keynesian economics
- Institutional economics
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