James K. Galbraith

James K. Galbraith holds the Lloyd M. Bentsen Jr. Chair in Government/Business Relations at the LBJ School of Public Affairs and a professorship in government at the University of Texas at Austin.

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Richard Drew/AP Photo

How economists keep getting things wrong and not learning from their mistakes Read more

Economic Policy



The North-South-right-left new government poses huge challenges to the continent—not least because in the short term, its economics may work.
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America and the World


Rex Features via AP Images

Austerity is a disaster, so why is the left in disarray? Read more

America and the World


AP Photo/Petros Giannakouris

Unless it can restore the principles of growth and sovereignty on which it was founded, the Eurozone may not last.  Read more

America and the World


AP Photo/Petros Karadjias

As Greece prepares for a referendum on its creditors' demands for austerity, the future of Europe hangs in the balance.  Read more

America and the World


AP Photo/Yorgos Karahalis

Why creditors' demands would only prolong Greece's crisis.  Read more

America and the World

With so much focus on the deficit, many assume entitlement programs should be cut. But there is a progressive argument for raising the retirement age, and one for lowering it. Read more


Most of the federal deficit is caused by the recession itself. To cure the slump, fix the financial system. Read more

Special Report

Could the current bailout bill have been better? Yes. But there are still a few fixes Congress should consider. Read more


Progressives prioritize a trade agenda that would not actually achieve the objectives they have in mind. It's time they adopted a reality-based approach. Read more