James K. Galbraith

This author appeared at the 2012 festival. Please view the list of authors appearing at this year's festival or see our suggestions for similar authors below.

James K. Galbraith at the 2012  Texas Book Festival

In Inequality and Instability: A Study of the World Economy Just Before the Great Crisis, James Galbraith spends less time discussing one of today’s favorite topics, how to rectify the current financial issues sparked in September of 2008, and more suggesting the causes of the present crisis and how the next one might be avoided. “You can’t actually study inequality without measuring it,” Galbraith writes, which is exactly what he does. Instead of focusing merely on the United States and its particular problems, Galbraith tackles inequality on a global scale, with certain chapters devoted specifically to the U.S., Europe, China, Brazil, Argentina, and Cuba. These sections of Inequality and Instability take particular care to explore those countries’ inherent – and often flawed – approaches to the distribution of wealth. Galbraith writes at length about the ethical repercussions of economic disparity between individuals, whether they live in the same nation or not. The book also includes the warning that, because dramatic economic inequality has had more severe consequences than our current financial crisis, worse repercussions may yet be in store unless we can reduce the world’s enormous levels of inequality. Galbraith is a well-known economist and currently teaches at the Lyndon B. Johnson School of Public affairs at the University of Texas at Austin, where he holds the Lloyd M. Bentsen Jr. Chair in Government/Business Relations. His other works include The Predator State, Inequality and Industrial Change, and Created Unequal.

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