Consider John Kenneth Galbraith’s (he of three names—so as not be confused with John Galbraith, you know, the one without the Kenneth) book, The Affluent Society. Here is the funny thing about Galbraith. To non-economists of a certain age (read: old), Galbraith was one of the leading lights of economics, the guy who popularized Keynes, the guy who understood economics and could explain it to the masses. But, within the economics guild, Galbraith barely exists. Sure his name floats around … [Read more...] about The Follies of John Kenneth Galbraith