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A Journey Through Economic Time: A Firsthand View

3.73 of 5 stars 3.73  ·  rating details  ·  51 ratings  ·  5 reviews
A renowned economist presents an accessible, far-reaching history of the century's economics from World War I and the Russian Revolution, through the Depression and Keynesian theory, to colonialism's collapse and the rise of the Third World.
Published June 14th 1994 by Houghton Mifflin (first published 1994)
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Cooper Cooper
The late John Kenneth Galbraith was one of the best-known economists of the twentieth century, not because of his brilliance as a theorist, but because of his influence on events and his unusually (especially for an economist) felicitous writing style. Among other thing he was a coiner of phrases: the expression “conventional wisdom” came from him, and he named the “affluent society” and the “new industrial state.” He played many roles in government. During World War II he was involved in the O ...more
JKG is a good writer with a wealth of experience in government and academics. He is reasonably modest, given his access to power and notable contribution to public discourse (e.g., coining the phrase "conventional wisdom" years ago). For me, he is highly persuasive in defense of what might be called more 'liberal' (in the modern sense) economic policy. He points out well that we too seldom ask how fiscal, monetary or other policies affect folks on the bottom of the economic ladder; how we freak ...more
Hopefully Galbraith was not as pompous in person as his writing style - that aside, he provides a first-hand glimpse of major economic decisions and their effects in the 20th century from someone who was "at the table." His analysis of Ronal Reagan's achievements is devastatingly on target.
John Bails
I've read from Chapter 22 to the end. Started with the Reagan Achievement. I would call it the Reagan disaster. The demise of the United States may be traced back to Nixon and Reagan.
Remarkably accessible book, given the subject and the position of the author.
Very relevant as well in today's financial crisis.
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John Kenneth Galbraith (10/15/1908–4/29/2006) was a Canadian-American economist. He was a Keynesian & an institutionalist, a leading proponent of 20th-century American liberalism & democratic socialism. His books on economic topics were bestsellers in the '50s & '60s. A prolific author, he produced four dozen books & over a 1000 articles on many subjects. Among his most famous work ...more
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