Definition of John Kenneth Galbraith from the Oxford Advanced Learner's Dictionary


John Kenneth Galbraith

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(1908-2006) a US economist, born in Canada. He advised President John F Kennedy and was the US ambassador (= senior government representative) in India (1961-63). Galbraith said that governments should spend more to help poor and unemployed people. He criticized the power of international companies and the desire for continuous economic growth. His books include The Affluent Society (1958), The Anatomy of Power (1983) and A Short History of Financial Euphoria (1990).