Question

John Kenneth Galbraith
Biography
The Times: Describe the economic era in which they lived.
Ideas that Advanced Economic Thought: What were their major contributions to economic thought?
Comment on if you think their findings are or were useful and in what ways. Explain.
Comment on how their findings have had an impact on the economy.

Answer 1

Explanation:

John Kenneth Galbraith OC, also known as Ken Galbraith, was a Canadian-American economist, diplomat, public official, and intellectual. His books on economic topics were bestsellers from the 1950s through the 2000s. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective.

Answer 2

Galbraith was one of the foremost advocates of incorporating Keynes' guiding principles into the economic policies of the U.S. government during the 1930s and after. Enhanced government spending, so Keynes contended, assists the market in achieving fulltime employment, particularly in times of recession.