Research

From Galbraith to Economic Freedom


SUGGESTED ARTICLES

Regulation

A better way of financing local government services

Monetary Policy

How the government exploits inflation to hide tax increases

Tax and Fiscal Policy

Free-market critique of The Affluent Society and other works

https://iea.org.uk/wp-content/uploads/2016/07/From Galbraith to Economic Freedom.pdf
No scientific studies have validated Galbraith’s analysis: it yields no predictions about the behaviour of enterprise, industry or of the economy that have been tested and found correct. The experience of industry in Britain and America is inconsistent with his assertions about the economy, and economists who have examined his work have been severely critical of its over-simplifications and over-generalisations.

Galbraith must be seen not as a scientist seeking explanations but as a missionary seeking converts.

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