James K. Galbraith is author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too (Free Press, August 5, 2008). He teaches at The University of Texas at Austin.
A response to Rick Perlstein.
Economists and wonks respond to Thomas Geoghegan's Nation essay “What Would Keynes Do?”
A big deficit-reduction program would destroy the economy two years into the Great Crisis.
Here's a short list of conditions for a credible rescue plan.
Bernanke is asking for trust he has not earned. Here's a shortlist of conditions to make this a credible deal.
Progressives need to create an economic agenda that encompasses the environment and social justice.
From all official statements so far, the August 10 terror plot
uncovered in Britain was the biggest thing since 9/11. But
then again, perhaps it wasn't. It's not too early to ask the questions
on which a final judgment must depend.
Taming global capitalism is the overriding challenge of our time. Joseph E. Stiglitz, Thea Lee, James K. Galbraith and others offer their ideas on how the United States can transform global capitalism by creating a new social contract.
The time has come for voting-by-mail.
Sentient observers know that American state and local governments face a
historic crisis--that they are cutting vital services and raising taxes,
mainly on those already most stressed in diffic