James K. Galbraith Bücher

Was vom Neoliberalimus geblieben ist Freies Unternehmertum, Freihandel, flexible Löhne – die ökonomischen Theorien, die vor gut dreißig Jahren die Welt eroberten, sind heute noch fester Bestandteil der politischen Diskussion. Doch ist das hohe Ansehen, in dem die konservative Doktrin noch immer steht, aus ökonomischer Sicht überhaupt gerechtfertigt? Nicht im Geringsten, sagt James K. Galbraith. In seinem Buch Der geplünderte Staat zeigt der renommierte Ökonom, weshalb das neoliberale Credo wirtschaftlicher Unsinn ist und deshalb in der Praxis längst aufgegeben wurde. Einzeln untersucht er Theorien wie Monetarismus oder Freihandel, um aufzuzeigen, weshalb sie in den Abfalleimer der Geschichte gehören. Auf der anderen Seite trugen sie dazu bei, dass sich in den USA ein Wirtschaftssystem ausbreiten konnte, das Galbraith 'Predator State' nennt. Ein System, in dem private Akteure alles tun, um aus staatlicher Wirtschaftsaktivität Profit zu schlagen: Sie plündern staatliche Gelder und stecken es in private Taschen; sie setzten sich für minimale Regulierung ein, um Konsumenten noch mehr Geld abzuknöpfen; sie stellen sich gegen den Klimaschutz, weil dieser ihre Profite schmälern würde. Diese Kräfte sind so fest im System verankert, dass es fragwürdig erscheint, ob die neue Regierung – sollte sie dies beabsichtigen – ihre Macht zu beschneiden vermag.

Seit Ausbruch der Finanzkrise 2008 streiten zwei ökonomische Denkschulen, zuletzt im Fall Griechenlands, über die »richtige« Lösung: sparen oder investieren? Beide Ansätze, so James K. Galbraith, sind falsch, denn beide basieren auf der Annahme einer Normalität aus Wachstum und Vollbeschäftigung, in welcher Krisen nur eine temporäre Ausnahme darstellen. In seinem aktuellen Buch setzt der renommierte US-amerikanische Wirtschaftsprofessor die jüngste Finanz- und Schuldenkrise in einen größeren zeitlichen Rahmen – vom Nachkriegsboom über die Dotcom-Blase bis hin zum Immobiliencrash – und zeigt, dass der Wachstumsglaube de facto ein historischer Irrtum ist. Schon längst sind die Ausnahmen die eigentliche Regel. Es ist endgültig an der Zeit, umzudenken, denn eine Rückkehr zur Normalität wird es nicht geben. Wechselhafte und instabile Energiepreise, eine zunehmend unsichere globale Sicherheitslage, der technologische Wandel im Zuge der Digitalisierung und vor allem die Betriebsstörung im internationalen Finanzsystem sorgen für dauerhaft turbulente Verhältnisse. Die globale Wirtschaft und mit ihr die Politik sollten sich auf diese Verhältnisse einstellen und lernen, ihnen klug zu begegnen.

"The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe--and a stale argument between two false solutions, "austerity" on one side and "stimulus" on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000--interrupted only by the troubled 1970s--represented a normal performance. From this perspective the crisis was an interruption, caused by bad policy or bad people, and full recovery is to be expected if the cause is corrected. The End of Normal challenges this view. Placing the crisis in perspective, Galbraith argues that the 1970s already ended the age of easy growth. The 1980s and 1990s saw only uneven growth, with rising inequality within and between countries. And the 2000s saw the end even of that--despite frantic efforts to keep growth going with tax cuts, war spending, and financial deregulation. When the crisis finally came, stimulus and automatic stabilization were able to place a floor under economic collapse. But they are not able to bring about a return to high growth and full employment. Today, four factors impede a return to normal. They are the rising costs of real resources, the now-evident futility of military power, the labor-saving consequences of the digital revolution, and the breakdown of law and ethics in the financial sector. The Great Crisis should be seen as a turning point, a barometer of the rise of unstable economic conditions, which should be regarded as the new normal. Policies and institutions going forward should be designed, above all, modestly, to cope with this fact, maintaining conditions for a good life in difficult times"-- Provided by publisher

Focusing on contemporary issues, this collection features James K. Galbraith's significant writings and fresh commentary. It delves into the disastrous situation in Iraq and examines the transformation of the American economy during Alan Greenspan's tenure, providing critical insights into the interplay between politics and economic policy.

For nearly three decades, Washington has been in the grip of an economic orthodoxy defined by Ronald Reagan and embraced ardently by George W. Bush. It rests on four pillars: 1) Cut taxes on the wealthy, 2) Reduce regulation, 3) Fear inflation above all else, and 4) Insist on free-floating currency rates. Yet mainstream economists have spent much of the past decade examining the results, and declaring them rotten. Supply-side stimulation is a mirage. Deficits matter. Inequality matters. The disasters in Latin America--bread riots in Argentina, inflationary madness in Brazil - and Africa - bankrupt governments and capital flight - were a direct result of the Reagan-Bush agenda. James Galbraith is fed up, and determined to close the gap between what the economists know, and what the politicians ignore. In plain English, the Republican Party has been hijacked by political leaders who long since stopped caring if reality conformed to their message. Galbraith exposes the crumbling pillars one by one, naming names and pulling no punches. If you thought you should vote Republican for the sake of the economy, think again. Here's the "j'accuse" that the Bush economic agenda richly deserves - and a plan for what should replace it.

Kein anderer Tag hat sich so in das kollektive Gedächtnis der Anlegergemeinde eingebrannt wie der schwarze Freitag von 1

Inequality what is it, exactly? How is it measured? Why should we care? Why did inequality rise in the United States? Is rising inequality an inevitable feature of capitalism? What should we do about it? Inequality: What Everyone Needs to Know answers these questions and more in a comprehensive yet easily- understood introduction to the topic of economic inequality.

A world-renowned economist offers cogent and powerful reflections on one of the great avoidable economic catastrophes of the modern era. The economic crisis in Greece is a potential international disaster and one of the most extraordinary monetary and political dramas of our time. The financial woes of this relatively small European nation threaten the long-term viability of the Euro while exposing the flaws in the ideal of continental unity. "Solutions" proposed by Europe's combined leadership have sparked a war of prideful words and stubborn one-upmanship, and they are certain to fail, according to renowned economist James K. Galbraith, because they are designed for failure. It is this hypocrisy that prompted former Finance Minister Yanis Varoufakis, when Galbraith arrived in Athens as an adviser, to greet him with the words "Welcome to the poisoned chalice." In this fascinating, insightful, and thought-provoking collection of essays-- which includes letters and private memos to both American and Greek officials, as well as other previously unpublished material-- Galbraith examines the crisis, its causes, its course, and its meaning, as well as the viability of the austerity program imposed on the Greek citizenry. It is a trenchant, deeply felt commentary on what the author calls "economic policy as moral abomination," and an eye-opening analysis of a contemporary Greek tragedy much greater than the tiny economy of the nation itself. -- Provided by publisher

Challenging traditional economic notions of equilibrium, this book presents a new framework rooted in the principles of entropy and life processes. Authors James K. Galbraith and Jing Chen argue that the ideal market conditions are unrealistic and emphasize the importance of recognizing an unequal, ever-changing world. Their theories address scarcity, monopoly power, and the dynamics of production, while exploring critical issues like trade, finance, and climate change. This innovative perspective aims to provide insights into the complexities of contemporary economic challenges.