A Life in Our Times: Memoirs

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Houghton Mifflin, 1981 - Biography & Autobiography - 563 pages
Autobiography of economist Professor John Kenneth Galbraith, and the events and famous people of the times.

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Contents

Above the Lakes
1
Berkeley and the Higher Learning in America
18
First Glimpse of Grandeur
33
Copyright

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About the author (1981)

John Kenneth Galbraith is a Canadian-born American economist who is perhaps the most widely read economist in the world. He taught at Harvard from 1934-1939 and then again from 1949-1975. An adviser to President John F. Kennedy, he served from 1961 to 1963 as U.S. ambassador to India. His style and wit in writing and his frequent media appearances have contributed greatly to his fame as an economist. Galbraith believes that it is not sufficient for government to manage the level of effective demand; government must manage the market itself. Galbraith stated in American Capitalism (1952) that the market is far from competitive, and governments and labor unions must serve as "countervailing power." He believes that ultimately "producer sovereignty" takes the place of consumer sovereignty and the producer - not the consumer - becomes ruler of the marketplace.

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