Cambridge University Press The Economics of John Kenneth Galbraith: Introduction, Persuasion, and Rehabilitation

The recent financial crisis has once again seen John Kenneth Galbraith return to the bestseller lists. Yet, despite the continued popular success of his works, Galbraith's contribution to economic theory is rarely recognized by today's economists. This book redresses the balance by providing an introductory and sympathetic discussion of Galbraith's theoretical contributions, introducing the reader to his economics and his broader vision of the economic process. The book highlights and explains key features of Galbraith's economic thought, including his penetrating critique of society, his distinctive methodology, his specific brand of Keynesianism and his original - but largely ignored - contribution to the theory of the firm. It also presents, for the first time, a detailed examination of Galbraith's monetary economics and revisits his analysis of financial euphoria. This unique work seeks to rehabilitate Galbraith's contribution, setting out several directions for possible future research in the Galbraithian tradition. Review '… this book can be recommended to anyone interested in the intersection between economic thought and social engagement.' Cameron M. Weber, Journal of the History of Economic Thought Book Description This book provides an introductory and sympathetic discussion of John Kenneth Galbraith's theoretical contributions to economic thought. About the Author Dr Stephen P. Dunn is Director of Strategy at NHS East of England. He is an international authority on John Kenneth Galbraith and has published numerous articles on post-Keynesian economics and the economics of the firm in leading international journals. In 2000 he received the prestigious K. William Kapp Prize from one of Europe's largest economics associations. He is the author of The Uncertain Foundations of Post-Keynesian Economics (2006).