May 12, 2006
John Kenneth Galbraith Is Remembered as a Mentor and Scholar
John Kenneth Galbraith, who died on April 29 at the age of 97, was one of the most prominent American economists of the 20th century.
He advised three generations of Democratic Party leaders, most visibly John F. Kennedy, for whom he served as U.S. Ambassador to India. And in best-selling books including American Capitalism: The Concept of Countervailing Power (Houghton Mifflin, 1952) and The Affluent Society (Houghton Mifflin, 1958), he argued that certain kinds of New Deal-flavored
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