Senior Scholar James K. Galbraith is Lloyd M. Bentsen Jr. Chair in Government/Business at the Lyndon B. Johnson School of Public Affairs, University of Texas at Austin. He also chairs the board of Economists for Peace and Security and is director of the University of Texas Inequality Project. He is a former executive director of the Joint Economic Committee and was an architect of the modern procedures of congressional monetary policy oversight. From 1993 to 1997, he served as chief technical adviser to China's State Planning Commission as part of a UNDP project on macroeconomic reform.
A focus of Galbraith's research is examining issues pertaining to employment and inequality, especially determinants of global inequality. His books include:
- The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should, 2008;
- Unbearable Cost: Bush, Greenspan, and the Economics of Empire, 2006;
- Inequality and Industrial Change: A Global View (with M. Berner), 2001;
- Created Unequal: The Crisis in American Pay 1998;
- Macroeconomics (with W. Darity Jr.), 1992; and
- Balancing Acts: Technology, Finance and the American Future, 1989.
Galbraith studied economics as a Marshall Scholar at King's College, Cambridge, and holds economics degrees from Harvard University (BA) and Yale University (Ph.D.). In 2010, he was elected to the Accademia Nazionale dei Lincei, also known as the Lincean Academy, the oldest honorific scientific academy in the world. Founded in 1603, the academy counts Galileo Galilei among its original members. It has remained an elite organization, with only 540 members, 180 of whom are from outside Italy. Although the academy covers all scientific and literary fields, Galbraith is a member of the division for moral, historical, and philological sciences; specifically, the social and political sciences. In addition to Galbraith, current US member-economists include Research Associate William J. Baumol, James Buchanan, Albert Hirschman, Senior Scholar Jan Kregel, David Landes, Joel Mokyr, Amartya Sen, and Robert Solow.