John Kenneth Galbraith, Canadian-American economist and diplomat, 7th United States Ambassador to India (d. 2006)
John Kenneth Galbraith (October 15, 1908 – April 29, 2006), also known as Ken Galbraith, was a Canadian-American economist, diplomat, public official, and intellectual. His books on economic topics were bestsellers from the 1950s through the 2000s. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective.Galbraith was a long-time Harvard faculty member and stayed with Harvard University for half a century as a professor of economics. He was a prolific author and wrote four dozen books, including several novels, and published more than a thousand articles and essays on various subjects. Among his works was a trilogy on economics, American Capitalism (1952), The Affluent Society (1958), and The New Industrial State (1967). Some of his work has been criticized by economists Milton Friedman, Paul Krugman, Robert Solow, and Thomas Sowell.
Galbraith was active in Democratic Party politics, serving in the administrations of Franklin D. Roosevelt, Harry S. Truman, John F. Kennedy, and Lyndon B. Johnson. He served as United States Ambassador to India under the Kennedy administration. His political activism, literary output and outspokenness brought him wide fame during his lifetime. Galbraith was one of the few to receive both the World War II Medal of Freedom (1946) and the Presidential Medal of Freedom (2000) for his public service and contributions to science. The government of France made him a Commandeur de la Légion d'honneur.
1908Oct, 15
John Kenneth Galbraith
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Events on 1908
- 30Jan
Jan C. Smuts
Indian pacifist and leader Mohandas Karamchand Gandhi is released from prison by Jan C. Smuts after being tried and sentenced to two months in jail earlier in the month. - 17Sep
Orville Wright
The Wright Flyer flown by Orville Wright, with Lieutenant Thomas Selfridge as passenger, crashes, killing Selfridge, who becomes the first airplane fatality. - 27Sep
Ford Piquette Avenue Plant
The first production of the Ford Model T automobile was built at the Ford Piquette Avenue Plant in Detroit, Michigan. - 1Oct
Ford Model T
Ford puts the Model T car on the market at a price of US$825. - 14Oct
Detroit Tigers
The Chicago Cubs defeat the Detroit Tigers, 2-0, clinching the World Series; this would be their last until clinching the 2016 World Series.