The Pragmatism of John Kenneth Galbraith
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Gifts Basket for Professor Grzegorz W. Kolodko
„Ekonomista” 2019, nr 3 http://www.ekonomista.info.pl KONFERENCJE I SEMINARIA ANDRZEJ K. KOŹMIŃSKI* Gifts Basket for Professor Grzegorz W. Kolodko We are celebrating here two important anniversaries: Kozminski University’s 25th and Professor Grzegorz W. Kolodko’s 70th birthday. They are both young and hopeful. But Professor Kolodko seems younger. This is at least my impression when I try to follow his countless activities spanning around the globe. Birthdays are gifts’ time. Professor Kolodko has found by his bed two sizable baskets of gifts: one international and one Polish. In principle all the donors volunteered to bring their gifts personally. Unfortunately, some were hounded by bad luck with health prob- lems like Nuti, Galbraith Jr. or Phelps, others had to give priority to meetings with the highest authorities like Prof. Lin meeting President Xi exactly at this time, or to the call of duty like Saul Estrin who has a lecture at LSE. However, all the missing and missed contributors prepared videos, which will be shown and will be referred to in our debate. Because I do hope for a lively debate, you are all invited to. Today we are permitted to peep into the international baskets: special issue of Acta Oeconomica dedicated to Pro- fessor Kolodko and debate will be conducted in English. Tomorrow will be the Polish day referring to the sumptuous volume of 28 essays by top notch Polish economists, just of press by Polish Scientific publishers. To kick off our today’s debate, let me share with you some impressions I had when reading through this unique collection of scientific papers edited with care by promi- nent journal affiliated to the Hungarian Academy of Sciences. -
Galb2001.Pdf
the essential Galbraith k John Kenneth Galbraith selected and edited by Andrea D. Williams A Mariner Original houghton mifflin company boston • new york 2001 books by john kenneth galbraith [a partial listing] American Capitalism: The Concept of Countervailing Power The Great Crash, 1929 The Affluent Society The Scotch The New Industrial State The Triumph Ambassador’s Journal Economics, Peace and Laughter Economics and the Public Purpose Money: Whence It Came, Where It Went The Age of Uncertainty 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 A Tenured Professor The Culture of Contentment A Journey Through Economic Time: A Firsthand View A Short History of Financial Euphoria The Good Society: The Humane Agenda Name-Dropping: From F.D.R. On The Essential Galbraith contents Preface vii Introduction ix Countervailing Power 1 from American Capitalism The Concept of the Conventional Wisdom 18 from The Affluent Society The Myth of Consumer Sovereignty 31 from The Affluent Society The Case for Social Balance 40 from The Affluent Society The Imperatives of Technology 55 from The New Industrial State The Technostructure 66 from The New Industrial State The General Theory of Motivation 79 from The New Industrial State Economics and the Quality of Life 90 from Economics, Peace and Laughter vi C0ntents The Proper Purpose of Economic Development 109 from Economics, Peace and Laughter The Valid Image of the Modern Economy 118 from Annals of an Abiding Liberal Power -
Nine Lives of Neoliberalism
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Plehwe, Dieter (Ed.); Slobodian, Quinn (Ed.); Mirowski, Philip (Ed.) Book — Published Version Nine Lives of Neoliberalism Provided in Cooperation with: WZB Berlin Social Science Center Suggested Citation: Plehwe, Dieter (Ed.); Slobodian, Quinn (Ed.); Mirowski, Philip (Ed.) (2020) : Nine Lives of Neoliberalism, ISBN 978-1-78873-255-0, Verso, London, New York, NY, https://www.versobooks.com/books/3075-nine-lives-of-neoliberalism This Version is available at: http://hdl.handle.net/10419/215796 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative -
James Kenneth Galbraith [email protected] Curriculum Vitae
James Kenneth Galbraith [email protected] Curriculum Vitae Current Position: Lloyd M. Bentsen, Jr. Chair in Government/ Business Relations, Lyndon B. Johnson School of Public Affairs, and Professor of Government, The University of Texas at Austin. Experience: Chair, LBJ School Budget Council, 2002-2004. Director, Ph.D. program in Public Policy, 1995-1997; Professor, LBJ School of Public Affairs, 1990-2002, Associate Professor, 1986 - 1990; Visiting Associate 1985-86. Visiting Scholar, The Brookings Institution, 1985. Executive Director, Joint Economic Committee, Congress of the United States, 1981 - 1982; Deputy Director, 1983 - 1984. Economist, Committee on Banking, Finance and Urban Affairs, United States House of Representatives, 1975-76 and 1977-80. Lecturer, Department of Economics, University of Maryland, 1979-1980. Teaching Subjects: Inequality and Development; International Economics; Technical Change and Financial Crisis; Economics for Policy; History of Economic Thought. Research Fields: Inequality; Economic policy. Degrees: Почетного доктора наук, Plekhanov Russian University of Economics, 2017 Docteur Honoris Causa, Université Pierre Mendes-France, October 2010 Ph.D., Yale University, May 1981 M. Phil., Yale University, May 1978 M.A., Yale University, December 1977 A.B., Magna Cum Laude, Harvard University, June 1974. Academy: Socio Straniero dell’Accademia dei Lincei - Classe di Scienze Morali, Storiche e Filologiche (Categoria VII - Scienze Sociali e Politiche). Elected 2010. Awards: GPAC Faculty Awards: Best Taught Class, 2020. GPAC Faculty Awards: Best Course to Challenge Your Assumptions, 2020. GPAC Faculty Awards: Best Transition Online, 2020. Veblen-Commons Award, Association for Evolutionary Economics, 2020. Почетного профессора, Urals State University of Economics, 2018. Trustee, Economists for Peace and Security, Elected 2017. -
Some Reflections on the Construct of Emancipatory Accounting: Shifting Meaning and the Possibilities of a New Pragmatism
This is a repository copy of Some reflections on the construct of emancipatory accounting: Shifting meaning and the possibilities of a new pragmatism. White Rose Research Online URL for this paper: http://eprints.whiterose.ac.uk/111823/ Version: Accepted Version Article: Gallhofer, S. and Haslam, J. (2017) Some reflections on the construct of emancipatory accounting: Shifting meaning and the possibilities of a new pragmatism. Critical Perspectives on Accounting. ISSN 1045-2354 https://doi.org/10.1016/j.cpa.2017.01.004 Article available under the terms of the CC-BY-NC-ND licence (https://creativecommons.org/licenses/by-nc-nd/4.0/) Reuse This article is distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs (CC BY-NC-ND) licence. This licence only allows you to download this work and share it with others as long as you credit the authors, but you can’t change the article in any way or use it commercially. More information and the full terms of the licence here: https://creativecommons.org/licenses/ Takedown If you consider content in White Rose Research Online to be in breach of UK law, please notify us by emailing [email protected] including the URL of the record and the reason for the withdrawal request. [email protected] https://eprints.whiterose.ac.uk/ SOME REFLECTIONS ON THE CONSTRUCT OF EMANCIPATORY ACCOUNTING: SHIFTING MEANING AND THE POSSIBILITIES OF A NEW PRAGMATISM Sonja Gallhofer (University of Glasgow)* Adam Smith Business School University of Glasgow University Avenue Glasgow. G12 8QQ Scotland, UK Jim Haslam (University of Sheffield) Sheffield University Management School University of Sheffield Crookesmoor Building Conduit Road Sheffield. -
John Kenneth Galbraith Alexander J
Santa Clara University Scholar Commons Economics Leavey School of Business 2013 John Kenneth Galbraith Alexander J. Field Santa Clara University, [email protected] Follow this and additional works at: https://scholarcommons.scu.edu/econ Part of the Economics Commons Recommended Citation Field, Alexander J. 2013. “John Kenneth Galbraith.” In Oxford Dictionary of National Biography. Oxford: Oxford University Press. Available online at http://www.anb.org/articles/15/15-01338.html?a=1&n=Galbraith&ia=-at&ib=-bib&d=10&ss=0&q=1 This material was originally published in Oxford Dictionary of National Biography edited by Susan Ware, and has been reproduced by permission of Oxford University Press. For permission to reuse this material, please visit http://www.oup.co.uk/academic/rights/permissions. This Book Chapter is brought to you for free and open access by the Leavey School of Business at Scholar Commons. It has been accepted for inclusion in Economics by an authorized administrator of Scholar Commons. For more information, please contact [email protected]. American National Biography Galbraith, John Kenneth (15 October 1908–29 April 2006) Alexander J. Field https://doi.org/10.1093/anb/9780198606697.article.1501338 Published online: April 2013 John Kenneth Galbraith. c. 1940-6. Photograph by Royden Dixon. Courtesy of the Library of Congress (LC-USE6-D-000368). Galbraith, John Kenneth (15 October 1908–29 April 2006), and John Kenneth Galbraith (15 October 1908–29 April 2006), economist and author, was born in Iona Station, Ontario, Canada, to Archibald Galbraith and Sarah Catherine Kendall. Galbraith, who advanced and reinterpreted institutionalist and Keynesian traditions in economics while promoting a liberal and progressive political agenda, was arguably the best-known and most influential economist and public intellectual of his generation. -
Limits of the Liberal Utopia: Žižek As a Critic of Rorty
Limits of the Liberal Utopia: Žižek as a Critic of Rorty by Gregory A. Slack Submitted in partial fulfilment of the requirements for the degree of Master of Arts at Dalhousie University Halifax, Nova Scotia December 2014 © Copyright by Gregory A. Slack, 2014 TABLE OF CONTENTS Abstract………………………………………………………………………………….iii Chapter One: Introduction…………………………………….......................................1 Prologue.…………………………………………………………………………………..1 Last Men and Working Men………………………………………………………………3 The Truth Is Out There…………………………………………………………………..12 Hunting History………………………………………………………………………….23 Chapter Two…………………………………………………………………………….30 How Do You Like Your Capitalism?.................................................................................30 Revisionism Then and Now……………………………………………………………...35 Marxism? What Is It Good For? Absolutely Something!..................................................43 Retrieving Marx………………………………………………………………………….49 Lenin’s Marx: The Politics of Truth……………………………………………………...56 Chapter Three………………………………………………………………………......61 Philosophy as Actual Politics…………………………………………………………….61 Rorty as Prophet and Profiteer…………………………………………………………...69 Essentialize This……………………………………………………………........……....77 Chapter Four: Conclusion…………………………………………………………......88 The Public Use of Dialectical Reason…………………………………………………...88 Hegel Young and Old…………………………………………………………………….92 Revolution at the Gates…………………………………………………………………..97 Final Thoughts………………………………………………………………………….100 Bibliography…………………………………………………………………………...102 ii Abstract -
New Pragmatism: in the Quest for Economics and Development Policy in the 21St Century Grzegorz W
„Journal of Management and Business Administration. Central Europe” Vol. 25, No. 2/2017, p. 2–5, ISSN 2450-7814; e-ISSN 2450-8829 © 2017. This is an open access article distributed under the Creative Commons Attribution-NonCommercial-NoDerivs license (http://creativecommons.org/licenses/by-nc-nd/3.0/) New Pragmatism: In the Quest for Economics and Development Policy in the 21st Century Grzegorz W. Kolodko1 New pragmatism is an original, paradigmatic and heterodox theoretical concept within the field of economic science, which attempts to address current civilizational chal- lenges and factors that will determine the future functioning of economic systems. It strives to advance economic theory in a direction that allows a more in-depth and accurate cognition of the economic reality than is possible through the prism of orthodox theories. At the same time, it provides an outline of a theory that is strongly applica- tive in nature and immanently combines scientific cognition (positive perspective) and the formulation of guidelines and practical recommendations (normative perspec- tive). This, indeed, forms the foundation on which to build the economic policy and strat- egy for development, as they both determine the world’s civilizational advancement. Economics – in its present orthodox form (i.e. mainstream economics) – has exhausted its cognitive and applicative capabilities. Even though some critical voices have already been heard, nowadays, and in particular since the financial crisis of 2008–09, the view according to which traditional economics fails to properly explain contemporary economic phenomena and processes, let alone recommend effective economic policy solutions, has been gaining ground. In the recent years, the gap between the rapidly changing economic reality and our capacity for its scientific investigation has deepened. -
The Belt and Road Initiative and the Transformation of Globalization
30 KWARTALNIK NAUK O PRZEDSIĘBIORSTWIE — 2018 / 1 Biliang Hu The Belt and Road Initiative and the Transformation of Globalization Globalization is now facing one of Globalization is the biggest challenges in the history: an Objective Historical Process… British exit from the EU (Brexit), USA’s …and nobody can stop it. Globaliza- quit from the Paris Agreement on cli- tion, broadly speaking, is a kind of phe- mate change, USA also quitted from nomenon of global integration of many TPP agreement as well as from UN- different things, including trade, invest- ESCO. People start worry about the ment, people’s mobility etc. [Kolodko, next moves of globalization. Therefore, 2001]. It should also include the dialogue we need to discuss the future of glo- among different cultures and civiliza- balization seriously. tions, exchange of knowledge and so on [Stiglitz, 2006]. Clearly, economic glo- Clearly, globalization brought very balization is one of the very important positive impact on economic, social, po- areas, which means the tightened integra- litical and cultural developments for all tion among countries by increasing the the countries including the developed as flow of goods, services, capital and labor. well as developing economies. However, globalization also brought some nega- My personal understanding is that tive effects, such as the income disparity the essence of globalization is the process among different groups of people and dif- in which global connectivity and global ferent countries. It has been continually contact continue to expand (breadth) and enlarging, not narrowing down in the deepen (depth). From the ideal point of process of globalization. view, global integration will eventually be How to deal with the continual glo- presented. -
Neoliberalism, World Crisis, and the New Pragmatism by Grzegorz W
World Economy Neoliberalism, World Crisis, and The New Pragmatism By Grzegorz W. Kolodko The things happen, as they do, because many things index has again risen to over 12,000, so apparently the crisis is happen at the same time. over, as the stock exchange quotations rise again. But in fact it is not over yet. Why? First of all, the quoted indexes refer to the dynamics of his sentence, repeated as the guiding principle, is the GWP presented annually as average values for the whole foundation of what I call the coincidence theory of world. And the world, as we know, is extremely diversified. Tdevelopment and the New Pragmatism1. It essentially It is sufficient to mention that in the first three years of the means a comparative and interdisciplinary explanation of the decade, global production increased on average by 3.1 per- essence and mechanisms of social and economic development cent per annum, while for the group of rich countries (i.e., the as a historical process. But this theory may also be very use- most developed economies populated by almost one billion ful on other occasions, for example, to explain the causes and people), the index was only 1.6 percent. In the case of the mechanisms of the great economic crisis of 2008-11. Most “developing countries” (in fact, in this context this phrase may frequently the crisis is described in this timeframe, although be used without the quotation marks) inhabited by 6 billion its roots go back much earlier than 2008, and its consequences people, the index was 4.3 per cent. -
Polish Sociological Review 2(210)2020
polish 2(210)’20 sociological review ISSN 1231 – 1413 DOI:10.26412/psr210.01 GRZEGORZ W. KOLODKO Kozminski University After the Calamity: Economics and Politics in the Post-Pandemic World Abstract: The coronavirus pandemic has shaken the world and its long shadow will remain with us for many years. It is presenting humanity with incredible challenges, which coincide with other negative mega-trends. The enormous costs of the pandemic will only be known ex post. While some people will have lost nothing, others will have lost everything—sometimes even their lives. The heterogeneous, post-pandemic future will follow many paths, with the position of highly developed countries becoming relatively weaker. Tensions between the US and China will increase; geopolitics will change. The confrontation between democracy and authoritarianism will intensify; the synergy of the market and the state will be transformed. It will be particularly dangerous to view two sides of the same counterfeit coin as alternatives: neoliberal capitalism versus populist capitalism. The chance for a better future could be created by a gradual transition to a new pragmatism, a strategy of moderation in economic matters, and a development that is sustainable on three levels—economic, social, and ecological. The pandemic is also an immense challenge for the social sciences because old ways of thinking will often prove useless in analyzing and explaining new situations. Keywords: pandemic, globalization, development strategy, future, imagination, new pragmatism “The signs are increasing that the world will be unable to escape the spiral into which it has fallen without a crisis and new revolutions. It would be better to escape this spiral through evolution and universal development that is politically, culturally, socially, ecologically, economically, and financially balanced, but it is both too lateand too early for that. -
From Industrial State to Entrepreneurial State: Big Company and Entrepreneurs in John Kenneth Galbraith
From Industrial State to Entrepreneurial State: Big Company and Entrepreneurs in John Kenneth Galbraith Antonio Nogueira [email protected] ESIC Marketing&Business School Abstract Unlike the neoclassical model, the political economy of John Kenneth Galbraith distinguishes between the planning system directed by the large company, and the market system in charge of the entrepreneurs. «The institution that changes our lives the most is the one we least understand, or, more accurately, the one we try harder not to understand. It is the modern corporation», he pointed out. Technological change and changes in economic life in industrialized countries have made inevitable the role of large corporations in connivance with the State, from the second world post-war to our days, according to the american keynesian and institutionalist economist. However, despite what is commonly admitted, the individual company maintained a certain relevance in the galbraithian work. For Galbraith, the arts and design in their many facets are the stronghold of small business and an expansive part of economic life. Despite their limitations, he noted that the entrepreneurs are admired by almost everyone, in contrast with the multinational firm. Over time, the debate has moved towards the necessary innovative role of the State that visualizes risks and operates daringly in the way of entrepreneurs, catalyzing private investment into disruptive sectors (examples: Apple's iPhone, renewable energy sector, etc.) perhaps showing a mutual interaction that Galbraith advocated throughout his economic thought. Keywords John Kenneth Galbraith, Capitalist Enterprises, Entrepreneurship, Firm Size. JEL Classifications B31, P120, M130, L250 1. "A life of our time" to understand the firm In The Age of Uncertainty (1977), a history about the consequences of economic ideas, the result of the homonymous television series of the BBC that he starred a few years before, John Kenneth Galbraith (1908-2006) pointed out that the big company is an institution by many little understood.