James K. Galbraith holds the Lloyd M. Bentsen, Jr., Chair in Government/Business Relations at the LBJ School of Public Affairs at the University of Texas at Austin. He holds degrees from Harvard and Yale. He studied economics as a Marshall scholar at King’s College, Cambridge, and then served on the staff of the US Congress, including as executive director of the Joint Economic Committee. He directs the University of Texas Inequality Project, an informal research group at the LBJ School, is a senior scholar of the Levy Economics Institute, and is chair of Economists for Peace and Security, a global professional association.
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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe-and a stale argument between two false solutions, 'austerity' on one side and 'stimulus' on the other.... SEE MORE