James K. Galbraith is the Lloyd J. Bentsen chair of government/business relations at the Lyndon B. Johnson School of Public Affairs and a professor in government at the University of Texas at Austin.

August 14, 2026

James K. Galbraith

Donald Trump greets Joe Biden as he arrives for inauguration ceremonies in the Rotunda of the US Capitol on January 20, 2025.

Mainstream Economic Myths Are Disastrous for US Policy

In a wide-ranging interview with Jacobin, economist James K. Galbraith discusses how neoclassical economic orthodoxy has badly distorted US policy thinking on everything from inflation to trade policy to the fertility crisis.