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The Dissenting Economist: J. K. Galbraith

In: Twelve Contemporary Economists

Author

Listed:
  • David Reisman

Abstract

John Kenneth Galbraith was born on 15 October, 1908 in Iona Station, Ontario, and spent his childhood in a Scottish—Canadian farming community dominated by the Puritan hostility to luxury and the Calvinist work-ethic. His father was a teacher turned farmer (and in addition an active member of Canada’s Liberal Party), and Galbraith originally intended too to follow some sort of agrarian career. He graduated in 1931 with a BSc degree from the Ontario Agricultural College (at the time a part of the University of Toronto) and then departed for the United States (not all that foreign a country to a farm boy from Iona Station, situated as it was less than 100 miles from Detroit: heavily dependent on American markets, local farmers were well in­formed about economic and social conditions south of the border) to do a PhD in agricultural economics at the University of California, Berkeley. Two years later he arrived at Harvard as an instructor in economics. His starting salary was $2400.

Suggested Citation

  • David Reisman, 1981. "The Dissenting Economist: J. K. Galbraith," Palgrave Macmillan Books, in: J. R. Shackleton & Gareth Locksley (ed.), Twelve Contemporary Economists, chapter 5, pages 72-86, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05498-5_5
    DOI: 10.1007/978-1-349-05498-5_5
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