The age of uncertainty
by John Kenneth Galbraith · first published 1977
4mentions
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2HN commenters
2014–2019first – last mentioned
50% recommend50% neutral
The distinguished diplomat and economist surveys the ideas and influence of economists and social philosophers, from Adam Smith's day to the present, contrasting the certainties in ninteenth-century economic thought with the uncertainty of today's.
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…overrun what's in the book. He's good to watch though. John Kenneth Galbraith tends generally to discuss economics more-or-less in the terms I've been mentioning here, with The Affluent Society and Age of Uncertainty probably being good starting points. I'm not much impressed by and generally strongly discount most Libertarian thinking, though if you'd like a sense of what I consider to be bad/poor economic theory,…
on “Technology Change Not the Culprit in Wages Falling Behind US Productivity Gains” ↗…were for the common man. He wasn't some wealth gospel preacher, despite often being portrayed as such. And his attacks on the power and dangers of corporations were well taken. J.K. Galbraith's The Age of Uncertainty explores this in depth. As does much of the writing of Emma Rothschild. Among many others.
on “Milton Friedman's "Shareholder" Theory Was Wrong” ↗…holes in my own knowledge. Galbraith has a dry humor and is a strong (and often disliked by insiders) critic of much of the establishment. Fans of this book are recommended to view his video series The Age of Uncertainty. http://www.powells.com/biblio/1-9780395859995-9 http://www.powells.com/biblio/1-9780395259474-2 http://fixyt.com/watch?v=KGSID_Uyw7w And adding to Matt's advice: have savings. The flexibility offered…
on “Hard-won lessons about money and investing” ↗…advantage. Specially today. Back in the 1970s you could have seen Milton Friedman and John Kenneth Galbraith exchange passive aggressions through their own TV series (respectively "Free to Choose" and "Age of Uncertainty"). I don't know of a contemporary equivalent. Unless you literally mean that they're making justifications for the ruling class and have them as their captive audience. Which, I'm ... rather tempted…
on “Why Are Some Countries Rich and Others Poor?” ↗