Muddling Towards the Next Crisis: James Kenneth Galbraith in conversation with The Straddler. Muddling Towards the Next Crisis: James Kenneth Galbraith in conversation with The Straddler “Since the 1980s, the American business cycle has been based on financial and credit bubbles, and therefore on the enrichment, through the capital markets, of a very small number of people in a very few places. Truly we have become a 'trickle-down economy'—as we were not before. A rising tide may lift all boats, but recent business cycles have been more like waves, whereby certain sectors and areas ride the peaks before crashing to the shore. This is a sign, surely, not of the social evil of inequality per se but of the instability of bubble economies, closely associated with inequality of income, wealth, and power, for which we now pay a fearsome price.” —James Kenneth Galbraith, Inequality and Instability On Sunday, August 26th, The Straddler met with James Kenneth Galbraith at his Townshend, Vermont home.
But I don’t think we’re going to go in that direction. Look at manufacturing. James K. Inequality and Instability: James K. Galbraith. :: James K Galbraith's Website :: Galbraith - Who are these economists anyway? Bill Moyers interviews James K. Galbraith about John Kenneth Galbraith Part 1. :: University of Texas Inequality Project ::