James K. Galbraith is author of Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe. He is an elected member of the Accademia Nazionale dei Lincei, the Italian national academy.
The conservative experiment with tight money has failed. Popular monetary prescriptions—low interest rates and a more accountable Federal Reserve—are steps in the right direction. But they must go hand in hand with structural reforms to get the economy back on track.James GalbraithSummer 1992
As long as the big choices in macroeconomic policy are off the table, other efforts to raise living standards will not make much difference.James GalbraithMarch-April 1996
Economics follows the wrong model of physics. Keynes appreciated that jobs, savings, and growth are all relative.James GalbraithWinter 1994