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John Kenneth Galbraith - A Journey Through Economic Time: A Firsthand View

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A Journey Through Economic Time: A Firsthand View: summary, description and annotation

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A renowned economist presents an accessible, far-reaching history of the centurys economics from World War I and the Russian Revolution, through the Depression and Keynesian theory, to colonialisms collapse and the rise of the Third World.

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title A Journey Through Economic Time A Firsthand View author - photo 1

title:A Journey Through Economic Time : A Firsthand View
author:Galbraith, John Kenneth.
publisher:Houghton-Mifflin Trade and Reference
isbn10 | asin:
print isbn13:9780395637517
ebook isbn13:9780585137766
language:English
subjectEconomic history--20th century, World politics--20th century.
publication date:1994
lcc:HC54.G23 1994eb
ddc:330.0904
subject:Economic history--20th century, World politics--20th century.
Page i
A Journey Through Economic Time
Page ii
BOOKS BY
JOHN KENNETH GALBRAITH
American Capitalism:
The Concept of Countervailing Power
A Theory of Price Control
The Great Crash, 1929
The Affluent Society
The Scotch
The New Industrial State
The Triumph
Indian Painting
(with Mohinder Singh Randhawa)
Ambassador's Journal
Economics and the Public Purpose
Money: Whence It Came, Where It Went
Annals of an Abiding Liberal
A Life in Our Times
The Anatomy of Power
A View from the Stands
Economics in Perspective:
A Critical History
Caitalism, Communism and Coexistence
A Tenured Professor
The Culture of Contentment
A Journey Through Economic Time:
A Firsthand View
Page iii
A Journey Through Economic Time
A Firsthand View
John Kenneth Galbraith
Picture 2
HOUGHTON MIFFLIN COMPANY
BostonNew York
1994
Page iv
Copyright 1994 by John Kenneth Galbraith
All rights reserved
For information about permission to reproduce selections from this book, write to Permissions, Houghton Mifflin Company, 215 Park Avenue South, New York, New York 10003.
Library of Congress Cataloging-in-Publication Data
Galbraith, John Kenneth, date
A journey through economic time: a firsthand view / John
Kenneth Galbraith
p. cm.
Includes bibliographical references and index.
ISBN 0-395-63751-1
1. Economic history20th century. 2. World politics
20th century. I. Title
HC54.G23 1994
330'.09'04dc20 94-4816
CIP
Printed in the United States of America
Book design by Robert Overholtzer
AGM 10 9 8 7 6 5 4 3 2 1
Page v
For Catherine Galbraith Denholm
with love as ever
Page vii
My Thanks
Those who publish books on their experience in public life have often a rather delicate task to perform. That is to offer their thanks in a suitably subtle way to the individual who actually wrote the book, while somehow minimizing this considerable delegation. Happily, I am free from such an obligation; somewhat exceptionally, I do the writing. However, my need to acknowledge my debts is not any the less.
Over the years the matters here described have been extensively discussed with Harvard and Washington colleagues and other friends over the United States and in Britain, Japan and variously in Europe. What is here pictured as my own thinking is to a marked degree what has been developed in thought and refreshed in memory by many, many others.
More specifically, I have had the help in these last months and years of my son Professor James Galbraith of the University of Texas and of his superior data banks and computer skills. To Jamie my great thanks.
My thanks also to Edith Tucker, who, as so often before, has closed up the more than occasional gaps between my recollection and historical accuracy. And to Joy Sobeck, who helped decipher my script and, more importantly, handled and frequently resisted the competing claims on my time.
But, most of all, there is my debt to Andrea Williams. For three decades and more, she has been my indispensable friend and ally.
Page viii
No writer ever had a more intelligent, diligent, informed and unrelenting editor. I shudder to think what would have escaped into print had she not been here.
As so often and so reliably over the last forty-two years, since I first came under their management as an author, my thanks go also to Houghton Mifflin and therein to Nader Darehshori, Joe Kanon and Mindy Keskinen, who, of all publishers, must be the most forgiving, tolerant and understanding of their authors and certainly of me.
While working on this book, I have had as always the unvarying support of Catherine Atwater Galbraith. When I turn to my writing, it is of her I think. From that come the commitment and the diligence which all authors must have. To Kitty my thanks and, most of all, my enduring love.
Page ix
Contents
Introduction
xi
1. The Larger Dynamic
1
2. The Great Divide
9
3. The Roots of Disorder
20
4. Debt, Inflation and John Maynard Keynes
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