New Releases by John Kenneth Galbraith

In his memoirs, John Kenneth Galbraith recalls amusingly, even brilliantly, the important and low moments in his life, the men and women he met who were great, only interesting, entertaining or even absurd. Galbraith studied agriculture in his native Canada and agricultural economics at UC-Berkeley. He taught at the University of California, served briefly in FDR’s administration and went on to Harvard. In Cambridge, England, he discovered the new economics of John Maynard Keynes. During World War II in Washington, he held the key job of organizing and administering the system of wartime price controls. After the war, Galbraith directed the survey that interrogated former Nazi leaders to assess the effects of the air war on the German economy. He then worked for the State Department as administrator for economic affairs in the occupied countries and served as an editor of Fortune when the magazine employed some of the best writers around. Galbraith returned to Harvard in 1948 and wrote three of the most influential books on economics of his time, The Affluent Society, The New Industrial State and Economics and the Public Purpose. In these lively memoirs, the author relates all of this and more — his two major political campaigns, with Adlai E. Stevenson for whom he was adviser and speech-writer, and John F. Kennedy, for whom he campaigned across the country; his years as ambassador in India; and his long opposition to the Vietnam war. And he shares the lessons learned from these experiences. “On every subject Mr. Galbraith is succinct and witty... The book is full of strong opinion and proceeds by the vehicle of anecdote... The serious business of the book... is to trace the steps of its author’s astonishingly varied and useful life... Mr. Galbraith’s vigor of expression, as well as an account of a period of gloom and psychotherapy, prevents the writing from ever sounding impersonal. That serious business is also to set the record straight — on what his books were about and how he evolved his theory of The Affluent Society and The New Industrial State, as two of his most important works were named; on why the bombing of Germany during World War II was less than useless, why it was patently unnecessary to wage atomic warfare on Japan and why he came to be a dissenter on the war in Vietnam. On inflation. On the ‘secular priesthood’ that once presided at the State Department. And, enchantingly, on such movers and shakers he came to know well as the New Dealer Leon Henderson, Paul Baran (‘the most interesting economist I have ever known’), Bernard M. Baruch, Adlai E. Stevenson, John F. Kennedy and Lyndon B. Johnson.” — Christopher Lehmann-Haupt, The New York Times “As a raconteur and a literary stylist, [Galbraith] stands with the best... As entertainment, the book is a total success. Its charm comes from the combination of Mr. Galbraith’s smooth comic timing and his not always charitable wit.” — James Fallows, The New York Times “Galbraith ranks with the most entertaining and provocative political writers in America in this century... Without Galbraith the political literature of our time would be far drearier.” — Gaddis Smith, Foreign Affairs “[Galbraith] has assembled a well-nigh complete record of what he has been up to, professionally at least, since leaving his family’s Ontario farm. The account is fascinating... The narrative... consistently holds the distinctive Galbraith style that makes all his books read like a nippy breeze.” — Geoffrey Colvin, Christian Science Monitor “Absorbing and irresistible.” — The New Yorker “An enjoyable book, full of fun, full of wisdom, and full of rare insights into the history of our times.” — The New Republic “A delightfully teeming book... Galbraith’s comic voice is a distinctive and durable literary achievement.” — Atlantic Monthly “A highly perceptive commentary on all our yesterdays... anecdotal, amusing, animated and above all, illuminating.” — John Barkham Reviews

Money is nothing more than what is commonly exchanged for goods or services, so why has understanding it become so complicated? In Money, renowned economist John Kenneth Galbraith cuts through the confusions surrounding the subject to present a compelling and accessible account of a topic that affects us all. He tells the fascinating story of money, the key factors that shaped its development, and the lessons that can be learned from its history. He describes the creation and evolution of monetary systems and explains how finance, credit, and banks work in the global economy. Galbraith also shows that, when it comes to money, nothing is truly new—least of all inflation and fraud.

In Economics in Perspective, renowned economist John Kenneth Galbraith presents a compelling and accessible history of economic ideas, from Aristotle through the twentieth century. Examining theories of the past that have a continuing modern resonance, he shows that economics is not a timeless, objective science, but is continually evolving as it is shaped by specific times and places. From Adam Smith''s theories during the Industrial Revolution to those of John Maynard Keynes after the Great Depression, Galbraith demonstrates that if economic ideas are to remain relevant, they must continually adapt to the world they inhabit. A lively examination of economic thought in historical context, Economics in Perspective shows how the field has evolved across the centuries.

The world has become increasingly separated into the haves and have-nots. In The Culture of Contentment, renowned economist John Kenneth Galbraith shows how a contented class—not the privileged few but the socially and economically advantaged majority—defend their comfortable status at a cost. Middle-class voting against regulation and increased taxation that would remedy pressing social ills has created a culture of immediate gratification, leading to complacency and hampering long-term progress. Only economic disaster, military action, or the eruption of an angry underclass seem capable of changing the status quo. A groundbreaking critique, The Culture of Contentment shows how the complacent majority captures the political process and determines economic policy.

These letters reveal the charm and brilliance of one of the great American intellectual liberals of the twentieth century.

Incisive and original, John Kenneth Galbraith wrote with an eloquence that burst the conventions of his discipline and won a readership none of his fellow economists could match. This Library of America volume, the first devoted to economics, gathers four of his key early works, the books that established him as one of the leading public intellectuals of the last century. In American Capitalism, Galbraith exposes with great panache the myth of American free-market competition. The idea that an impersonal market sets prices and wages, and maintains balance between supply and demand, remained so vital in American economic thought, Galbraith argued, because oligopolistic American businessmen never acknowledged their collective power. Also overlooked was the way that groups such as unions and regulatory agencies react to large oligopolies by exerting countervailing power—a concept that was the book’s lasting contribution. The Great Crash, 1929 offers a gripping account of the most legendary (and thus misunderstood) financial collapse in American history, as well as an inquiry into why it led to sustained depression. Galbraith posits five reasons: unusually high income inequality; a bad, overleveraged corporate structure; an unsound banking system; unbalanced foreign trade; and, finally, “the poor state of economic intelligence.” His account is a trenchant analysis of the 1929 crisis and a cautionary tale of ignorance and hubris among stock-market players; not surprisingly, the book was again a bestseller in the wake of the 2008 economic collapse. In The Affluent Society, the book that introduced the phrase “the conventional wisdom” into the American lexicon, Galbraith takes on a shibboleth of free-market conservatives and Keynesian liberals alike: the paramount importance of production. For Galbraith, the American mania for production continued even in an era of unprecedented affluence, when the basic needs of all but an impoverished minority had easily been met. Thus the creation of new and spurious needs through advertising—leading to skyrocketing consumer debt, and eventually a private sector that is glutted at the expense of a starved public sector. The New Industrial State stands as the most developed exposition of Galbraith’s major themes. Examining the giant postwar corporations, Galbraith argued that the “technostructure” necessary for such vast organizations—comprising specialists in operations, marketing, and R&D—is primarily concerned with reducing risk, not with maximizing profits; it perpetuates stability through “the planning system.” The book concludes with a prescient analysis of the “educational and scientific estate,” which prefigures the “information economy” that has emerged since the book was published. LIBRARY OF AMERICA is an independent nonprofit cultural organization founded in 1979 to preserve our nation’s literary heritage by publishing, and keeping permanently in print, America’s best and most significant writing. The Library of America series includes more than 300 volumes to date, authoritative editions that average 1,000 pages in length, feature cloth covers, sewn bindings, and ribbon markers, and are printed on premium acid-free paper that will last for centuries.

La crisis económica y financiera de 1929 dio origen a la gran depresión de los años treinta. John Kenneth Galbraith nos presenta aquí una historia y un análisis de esos hechos, y desentraña los procesos y mecanismos que, desde los años del boom inmobiliario de Florida hasta el desastroso otoño de 1929, alimentaron la fiebre especulativa y la ilusión del dinero fácil. Escrito con la intención de contribuir a que la historia no se repita, El crash de 1929 borra la visión pintoresca y esteriotipada de los años negros como una histérica partida de ruleta jugada por todo un pueblo, y la sustituye por la nueva imagen, más real y esclarecedora, de una enfermedad social padecida por una pequeña minoría, y alimentada por otra aún más reducida, que llegó a afectar a las formas de cultura y de vida de una sociedad moderna. El complejo estado actual de la economía, en gran parte eufórico de cambio constante y rápido, de crecimiento de valores nuevos, ha resuelto al autor a releer esta obra, y a añadirle nuevas y atractivas premisas.

“Graceful and often witty” insights from the legendary economist, drawn from his most influential works (Library Journal). The Essential Galbraith includes key selections from the most important works of John Kenneth Galbraith, one of the most distinguished writers of our time—from The Affluent Society, the groundbreaking book in which he coined the term “conventional wisdom,” to The Great Crash, an unsurpassed account of the events that triggered America’s worst economic crisis. Galbraith’s new introductions place the works in their historical moment and make clear their enduring relevance for the new century. The Essential Galbraith will delight old admirers and introduce one of our most beloved writers to a new generation of readers. It is also an indispensable resource for scholars and students of economics, history, and politics, offering unparalleled access to the seminal writings of an extraordinary thinker.

Cet économiste canadien ayant fait carrière aux Etats-Unis comme conseiller auprès des présidents démocrates de la Maison Blanche raconte les relations qu''il a eues avec les présidents Roosevelt, Truman, Kennedy et Johnson, ainsi qu''avec les premières dames Jackie Kennedy et Eleanor Roosevelt. Un livre bourré d''anecdotes pour en apprendre sur les coulisses du pouvoir américain. [SDM].

"Names? You want names? No one knows better ones than John Kenneth Galbraith" (San Diego Union-Tribune). With the dazzling insight, humor, and literary skill that mark Galbraith as one of the most distinguished writers of our time, Name-Dropping charts the political landscape of the past sixty-five years. Drawing on a lifetime of access to many great public figures, the famous economist offers a clear-eyed, unsparing, and amusing "look at prominent people . . . [he] has known, from FDR on" (Larry King, USA Today) and offers a rich and uniquely personal history of the century -- a history he helped to shape.

The classic by the renowned economist: “One of those rare works that forces a nation to re-examine its values” (The New York Times). One of the New York Public Library’s “Books of the Century” Hailed as a “masterpiece” (St. Louis Post-Dispatch), this examination of the “economics of abundance” cuts to the heart of what economic security means (and doesn’t mean) and lays bare the hazards of individual and societal complacence about economic inequity. The book that introduced the phrase “conventional wisdom” to our vernacular, The Affluent Society is as timely today as when it was first published. “Warrants careful reading by every thoughtful person.” —The Christian Science Monitor

In an early letter, Galbraith mentions his "ambition to be the most reticent adviser in modern political history." But as a respected intellectual and author of the celebrated The Affluent Society, he was not to be positioned so lightly, and his letters are replete with valuable advice about economics, public policy, and the federal bureaucracy.

In this Brief, Accessible Book, The Distinguished Teacher and former President of the American Economic Association, John Kenneth Galbraith, records his views on such critical subjects as what the goals of a socially concerned society should be today, reflections on the principles of distribution of wealth, flaws in the market system, the state of higher education, and related aspects of society and the economy.

The legendary economist explains how a nation can remain both compassionate and fiscally sound, with “common sense raised to the level of genius” (The New Yorker). This compact, eloquent book offers a blueprint for a workable national agenda that allows for human weakness without compromising a humane culture. Arguing that it is in the best interest of the United States to avoid excessive wealth and income inequality, and to safeguard the well-being of its citizens, he explores how the goal of a good society can be achieved in an economically feasible way. Touching on topics from regulation, inflation, and deficits to education, the environment, bureaucracy, and the military, Galbraith avoids purely partisan or rigid ideological politics—instead addressing practical problems with logic and well-thought-out principles. “Carefully reasoned . . . the pragmatically liberal Galbraith [argues] that both socialism and complete surrender to market forces are irrelevant as guides to public action.” —Publishers Weekly

The world-renowned economist offers "dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague of junk bonds." —The Atlantic. With incomparable wisdom, skill, and wit, world-renowned economist John Kenneth Galbraith traces the history of the major speculative episodes in our economy over the last three centuries. Exposing the ways in which normally sane people display reckless behavior in pursuit of profit, Galbraith asserts that our "notoriously short" financial memory is what creates the conditions for market collapse. By recognizing these signs and understanding what causes them we can guard against future recessions and have a better hold on our country''s (and our own) financial destiny.

Whether he is analyzing the advent of Keynesian theory or the end of colonialism and the emergent Third World, Galbraith epitomizes the hindsight and the vision of one who has been an active and outspoken participant in the world''s economic history. He writes with authority about the forging of Kennedy''s New Frontier and Johnson''s Great Society and examines the consequences of the "unintended history of the 1980s."

A book explaining the history of economics; including the powerful and vested interests which moulded the theories to their financial advantage; as a means of understanding modern economics.

This volume, simultaneously published in Russian and English, demonstrates that an American and a Russian of different views can engage in civil and informative discussion of their different and common problems. In the summer of 1987, Galbraith and Menshikov, of World Marxist Review met for 10 days in Vermont. This volume records their discussions, which cover the history and development of the socialist economy and of capitalism, the economic problems of the two systems, the impact of technological revolution on them, and glasnost and Reaganomics. Other topics include: the military spinoffs of space research, arms sales to the Third World, Keynesian follies, cultural and diplomatic cooperation, human rights, and the dangers of a nuclear holocaust. These discussions point the way toward more peaceful and enlightened relations between the two countries. ISBN 0-395-47316-0: $17.95.

书名原文:Capitalism communism and coexistence:From the bittrr past to a better prospect

Discusses the many sources and instruments of power, and explains how power is utilized by organizations and businesses and in economics and political and military life.

Based on a series of lectures given in India in the spring of 1982.Includes index.