Biden speaks in Largo, Maryland 2023. The White House, Public domain, via Wikimedia Commons By James K. Galbraith / Institute for New Economic Thinking In a remarkable and comprehensive book, forthcoming from Cambridge, Marc Fasteau and Ian Fletcher provide a theoretical, historical, and up-to-date review of industrial policies, in the United States and elsewhere, as well […]
Tag: James K. Galbraith
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Bidenomics and Its Discontents
Joshua Qualls/Governor’s Press Office, Public domain, via Wikimedia Commons. By James K. Galbraith / The Nation Unemployment is low. Inflation has fallen. Real earnings are rising. GDP growth has held up—so far. The economists are happy, but for some reason the voters are not! It must be their own ignorance and obtuseness—so says Paul Krugman, house economist of The New York Times. The other possibility—however horrible to contemplate—is that […]