John Kenneth Galbraith (1908-2006) was one of America’s most famous economists for good reason. From his acerbic analysis of America’s “private wealth and public squalor” to his denunciation of the wars in Vietnam and Iraq, Galbraith consistently challenged “conventional wisdom” (a phrase he coined). He did so as a witty commentator on America’s political follies and as a versatile author of bestselling books—such as The Affluent Society and The New Industrial State—that warn of the dangers of deregulated markets, corporate greed, and inattention to the costs of our military power. Here, in the first full-length biography of Galbraith and his times, Richard Parker provides not only a nuanced portrait of this extraordinary man, but also an important reinterpretation of twentieth-century public policy and economic practices.
“Whatever you may think of his ideas, John Kenneth Galbraith has led an extraordinary life. . . . Doing justice to this life story requires an outsize biography, one that not only tells Mr. Galbraith’s tale but sets it on the broader canvas of America’s political and economic evolution. And Richard Parker’s book does just that.”—Economist
“Parker’s book is more than a chronicle of Galbraith’s life; it’s a history of American politics and policy from FDR through George W. Bush. . . . It will make readers more economically and politically aware.”—USA Today
“The most readable and instructive biography of the century.”—William F. Buckley, National Review
“The story of this man’s life and work is wonderfully rendered in this magnum opus, and offers an antidote to the public ennui, economic cruelty, and government malfeasance that poison life in America today.”—James Carroll, Boston Globe
Until 1860 John Ruskin's writings were primarily about art and architecture; but his belief that good art can flourish only in a society that is sound and healthy led him inevitably to a preoccupation with social and economic problems, the dominant concern of his later writings. James Clark Sherburne provides in this volume a detailed and long overdue re-examination of Ruskin's social and economic perceptions and, for the first time, systematically places these perceptions in their nineteenth-century intellectual context.
Ruskin's eloquence and the strength of his moral, aesthetic, and social convictions established him as one of the most influential of Victorian writers. His writings, however, are not easily categorized and many of his important insights occur as digressions in discussions of other topics. Mr. Sherburne succeeds in ordering and clarifying the rich chaos of Ruskin's social thought without denying that wholeness which is, paradoxically, its salient feature. He discovers the source of Ruskin's social criticism in his early writings. He then follows Ruskin's interest as it shifts from economic theory to the problems of exploitation, war, imperialism, the means of social reform, and the construction of the welfare state.
Ruskin's remarkably early vision of the possibility of economic abundance, his anticipation of its social and personal implications, his much disparaged critique of classical economics, his pioneering attention to the role of the consumer and the quality of consumption, his anxious portrayal of the effects of industrialism on the environment, his critique of English educational methods, and his farsighted proposals for public management of industry and transport are among the many aspects of Ruskin's thought examined by Mr. Sherburne. What emerges is an original and exhaustive study of a dimension of Ruskin's work which, though much neglected, is particularly relevant to contemporary concerns.
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