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Economist John Kenneth Galbraith dies

April 30, 2006

WASHINGTON (Reuters) – John Kenneth Galbraith, an
influential liberal economist and author of “The Affluent
Society,” has died at age 97, The New York Times reported on
Sunday.

The Canadian-born Galbraith, a professor at Harvard
University, died on Saturday at a hospital in Cambridge,
Massachusetts, the paper said.

Galbraith’s most famous work, 1958′s “The Affluent
Society,” became a bestseller. In the book, he argued that the
United States had become rich in consumer goods but poor in
social services.

Galbraith tutored Adlai Stevenson, the Democratic nominee
for president in 1952 and 1956, on economics. He also advised
President John F. Kennedy and served as his ambassador to
India.

Though he eventually broke with President Lyndon Johnson
over the war in Vietnam, he helped conceive of Johnson’s Great
Society program and wrote a major presidential address that
outlined its purposes, the Times said.

At his death Galbraith was an emeritus professor of
economics at Harvard, where he had taught for most of his
career.


Source: reuters



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