John Kenneth Galbraith
This recognized economist was borned in October 15, 1908 at Ontario, Canada. He comes from a Scottish farming community on the north shore of Lake Erie. His father was a teacher at first who later became a farmer. His father was very interested in politics and he was somehow related to it in his community. He used to give speeches concerned on his liberal way of thinking. John remembers how much his dad advised him of how he has to bring changes to the world. Nowadays, he is married to Catherine Atwater and they have three sons. The couple lives in Cambridge, Massachusetts but go to Newfane, Vermont during the summer.After finishing high school, Galbraith was admitted into the College of Agriculture at Guelph, Ontario and he got his bachelor's degree in 1931. There, he earned a scholarship for the opportunity to study outside Canada for his Ph. D. at the University of California in Berkeley. He ended up liking California very much. During his third year of studies at Berkeley, he was hired for a job as teacher of economics at the University of California. In 1934, he got his doctorate in Agricultural Economics. He went to the University of Cambridge at England in 1936. There he met famous people like some members of the Ke
He talked in this work about American people who are dependent of the nation's GDP (Gross National Product) in order to live a wealthy life. Galbraith is one of the most important economists of the century and the main follower of John Maynard Keynes economic thoughts. "The New Industrial State" published in 1967 is considered to be one of Galbraith's most important works. It didn't turn out to be good according to economists' points of view. In 1938, he did a research on Modern Competition and Business Policy. In 1939, he taught for a short period of time at Princeton University. His Contributions to Society and EconomicsDuring the 1930s, Galbraith along with Alvin Hansen and many other recognized economists helped in the development of the Keynesian Economics. A year later, he received the Medal of Freedom because of his services to the country. That same year, he published another work called "American Capitalism". In 1948, he became a professor of Economics at Harvard. He brought changes in the behavior of people about economy what made him somehow controversial in his works. He then became an editor for the Fortune Magazine. Most of His Works"h The Great Crash, 1929"h Economics and the Art of Controversy, 1955"h The Liberal Hour, 1960"h The Scotch, 1964"h The Triumph, 1968"h Ambassador's Journal, 1969"h Economics, Peace and Laughter, 1972"h Power and the Useful Economist, 1973"h A China Passage, 1973"h Money, 1975"h The Age of Uncertainty, 1977"h Annals of an Abiding Liberal, 1979"h Almost Everyone's Guide to Economics, 1979"h The Nature of Mass Poverty, 1979"h A Life in Our Times, 1981"h The Tenured Professor, 1990"h A Journey Through Economic Time, 1994"h The Good Society: the human agenda, 1996"h Letters to Kennedy, 1998"h Name-Dropping from F. He tried to apply for the Army but he wasn't qualified because of his height.
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