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  • Monthly Review Essays

About James K. Galbraith

James K Galbraith teaches at the LBJ School of Public Affairs, The University of Texas at Austin, and is the author most recently of “Inequality: What Everyone Needs to Know” and “Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe.”
  • Xi Jinping and Vladimir Putin

    The dollar system in a multi-polar world

    Originally published: Institute for New Economic Thinking on May 5, 2022 (more by Institute for New Economic Thinking)  |

    The multipolar financial world is here. The United States can survive it–but only with major political and economic changes at home. It’s time to start thinking about what those need to be.

  • What the Government Needs to Do Next

    What the government needs to do next

    Originally published: Institute for New Economic Thinking on March 23, 2020 (more by Institute for New Economic Thinking)  |

    Tax rebates, tax cuts and business bailouts will not solve this crisis. Here’s what’s needed.

  • ‘What we see this week is a shallow farce, beginning with a plan to move air traffic control to a private, non-profit corporation run by the airlines.’

    The thing about Trump’s infrastructure plan is: it doesn’t really exist

    Originally published: The Guardian on June 9, 2017 (more by The Guardian)

    The Republican leaders of Congress killed off Trump’s much touted infrastructure plan months before he even reached the Oval Office. What we are left with is a farce.

  • There Is No Economic Justification for Deficit Reduction

    James K. Galbraith

    Statement to the Commission on Deficit Reduction by James K. Galbraith, Lloyd M. Bentsen, jr. Chair in Government/Business Relations, Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin, and Vice President, Americans for Democratic Action, June 30, 2010 Mr. Chairmen, members of the commission, thank you for inviting this statement. I […]

  • We Are at the Beginning of a Long, Profound, Painful Process of Change

    James K. Galbraith

    Statement by James K. Galbraith, Lloyd M. Bentsen, jr., Chair in Government/Business Relations, Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin and Senior Scholar, Levy Economics Institute, before the Committee on Financial Services, U.S. House of Representatives, Hearings on the Conduct of Monetary Policy, February 26, 2009. Mr. Chairman and […]

  • A Bailout We Don’t Need

    James K. Galbraith

    Now that all five big investment banks — Bear Stearns, Merrill Lynch, Lehman Brothers, Goldman Sachs and Morgan Stanley — have disappeared or morphed into regular banks, a question arises. Is this bailout still necessary? The point of the bailout is to buy assets that are illiquid but not worthless.  But regular banks hold assets […]

Also By James K. Galbraith in Monthly Review Magazine

  • Rejoinder to Leo Panitch and Sam Gindin; Panitch and Gindin Reply May 01, 2000

Monthly Review Essays

  • US Imperialism in Crisis: Opportunities and Challenges to a Global Community with a Shared Future
    Sam-Kee Cheng A late 1940s Soviet poster showing a US military service member lounging on top of a German factory, smoking a cigar. The text beneath reads DER DOLLARIMPERIALISMUS [dollar imperialism].

    1. Introduction The predominance of US economic, political and military power in the world was established at the end of the Second World War.1 With just 6.3 percent of global population, the United States held about 50 percent of the world wealth in 1948. As the only power which had used nuclear weapons on civilian […]

Lost & Found

  • Journalism, democracy, … and class struggle
    Robert W. McChesney Bob McChesney on Saving Journalism

    Our job is to make media reform part of our broader struggle for democracy, social justice, and, dare we say it, socialism.

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