A Brief Introduction to the Author of American Capitalism

John Kenneth Galbraith is Paul M. warburg Professor Emeritus of Economics at Harvard University. He has served as the US Ambassador to India, Chairman of the US Strategic Bombing Investigation Committee, Director of the US Office of Economic Security Policy, Chairman of the American Economic Association and Chairman of the American People's Action for Democracy. In the first 40 years of the second half of the 20th century, he insisted on writing and wrote more than 30 books, which can be described as a masterpiece. Including economics and public goals, price control theory, economics and the art of debate, 1929 Great Depression, affluent society, newly industrialized countries, uncertain times, etc.

Galbraith is a famous American economist and the leader of the new institutional school. 1908 was born in a Scottish immigrant peasant family in Ontario, Canada. 193 1 graduated from Ontario Agricultural College, Canada with a bachelor's degree. Then I went to Berkeley, and then I studied agricultural economics at the University of California. 1933 received a master's degree and a doctorate the following year (the doctoral thesis was entitled "County Expenditure in California"). During his study in Berkeley, Galbraith carefully studied Marshall's Principles of Economics and Van Buren's works. Keynes's thoughts had a certain influence on Galbraith in his youth. 1934, Galbraith came to Harvard University as a lecturer, teaching agricultural economics, and was also the academic director of boarding students. While working at Harvard, Galbraith met Joseph Kennedy and John F. Kennedy, and later became good friends with them. 196 1 year, John F. Kennedy was elected president of the United States, which had an important influence on Galbraith's political activities in the 1960s. He has served as deputy director of the US Price Administration, head of the post-war US strategic bombing investigation team, and director of the the State Council Economic and Security Policy Office. Galbraith also served as an associate professor at Princeton University and editor of Fortune magazine. 1949, professor of economics at Harvard University; 196 1 to 1963, American ambassador to India. 1972 was elected president of the American Economic Association. Paul M. warburg, emeritus professor of economics at Harvard University. In the first 40 years of the second half of the 20th century, he insisted on writing and wrote more than 30 books, which can be described as a masterpiece.

Although Galbraith was influenced by Van Buren in his early days, he did not belong to the institutional school. At that time, he was more influenced by Keynesian thought and co-authored the book Modern Competition and Industrial Policy. This book has reflected Galbraith's unusual view that the behavior of modern industrial organizations should be different from that of individual capitalists, and large companies need not aim at maximizing profits. After 1950s, Galbraith gradually formed his own economic thoughts. In "Abundant Society" published by 1958 (see "Collection of Traditional Concepts, Myth of Consumer Sovereignty and Social Balance"), he pointed out that although modern capitalist society is rich in materials, it still has defects, mainly because consumers are dominated by producers and regard material enjoyment as happiness, which should be re-established. In "Newly Industrialized Countries" (see Technical Requirements, Technical Organization or Translated as "Technical Structure Stratum and General Incentive Theory"), Galbraith analyzed the power structure of modern capitalist society and put forward the view that members of technical organizations or technical experts actually master the power of modern companies.