Famous economist biography
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John Kenneth Galbraith
Canadian-American economist and diplomat (–)
John Kenneth Galbraith OC | |
|---|---|
Ambassador John Kenneth Galbraith in | |
| In office April 18, &#;– July 12, | |
| President | John F. Kennedy |
| Preceded by | Ellsworth Bunker |
| Succeeded by | Chester Bowles |
| Born | ()October 15, Iona hållplats, Ontario, Canada |
| Died | April 29, () (aged&#;97) Cambridge, Massachusetts, U.S. |
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| Spouse | |
| Children | 4, including Peter and James |
| Alma mater | |
| Institution | |
| Influences | |
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John Kenneth Galbraith[a]OC (October 15, – April 29, ), also known as Ken Galbraith, was a Canadian-American economist, diplomat, public tjänsteman, and intellectual. His books on economic topics were bestsellers from the s through the s. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective.[1][2] He served as the deputy di
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biogrpahies, Five Books
This is a rich genre that is under-appreciated. With a quality biography, you can obtain a better understanding of the economist&#;s background and thinking.
1. Perry Mehrling, Fischer Black and the Revolutionary Idea of Finance. Portrays a unique individual. Besides revolutionizing finance with the Black-Scholes option pricing model, Fischer Black forever changed Wall Street by developing what is now known as quantitative finance.
2. Robert Skidelsky, John Maynard Keynes, If you can find it, read the original three-volume version. Skidelsky&#;s treatment of the Cambridge Apostles is fascinating, and it shows how anti-Victorianism influenced Keynes&#; views about saving. (Note: Skidelsky was part of a live EconTalk panel discussion, &#;Capitalism, Government, and the Good Society&#;, in You can watch the video here.)
3. L. Randall Wray, Why Minsky Matters. Clear and accessible, unlike Minsky. (Amazon agrees: &#;Although a handful of e
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How 10 Influential Economists Changed America's History
Many economists do incredible jobs, and some have made contributions to financial theory that crossed over into many aspects of social history. These are ten such economists and their impact on society.
Key Takeaways
- Throughout history, several economists have contributed greatly to the field of economics and in such a manner that changed society.
- Arguably the most prominent is Adam Smith, a political economist during the Scottish Enlightenment best known for "The Theory of Moral Sentiments" and "The Wealth of Nations."
- David Ricardo is another well-known economist; he was a member of the British Parliament and argued that nations should specialize for their greater good.
- John Maynard Keynes, or the "giant economist," favored government spending and monetary policy to mitigate the adverse effects of major economic shifts.
- Abhijit Banerjee and Esther Duflo pioneered an experimental approac