John Kenneth Galbraith

Key facts

Born

15 October 1908, Iona Station

Died

29 April 2006, Cambridge

State of birth

Iona Station

Sector

Banking & finance

Profession

Canadian-American economist and diplomat (1908–2006)

Gender

Male

Biography

John Kenneth Galbraith, also known as J. K. Galbraith or Ken Galbraith, was a Canadian-American economist, diplomat, public official, and intellectual. His books on economic topics were bestsellers from the 1950s through the 2000s. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective. He served as the deputy director of the powerful Office of Price Administration (OPA) during World War II in charge of stabilizing all prices, wages and rents in the American economy, to combat the threat of inflation and hoarding during a time of shortages and rationing, a task which was successfully accomplished.

Summary based on Wikipedia (CC BY-SA 4.0), reviewed by the RochakDuniya editorial team.

Timeline

1. 1908Born in Iona Station
2. 1946Awarded the Medal of Freedom
3. 1955Awarded the Guggenheim Fellowship
4. 1959Awarded the The Hillman Prize for Book Journalism
5. 1961Becomes United States Ambassador to India
6. 1972Awarded the honorary doctor of the Katholieke Universiteit Leuven
7. 1974Awarded the honorary doctorate from University of Paris-II
8. 1985Awarded the Humanist of the Year
9. 1985Awarded the Four Freedoms Award – Freedom from Want
10. 1993Awarded the Lomonosov Gold Medal
11. 1994Awarded the Lysenko Prize
12. 2000Awarded the Presidential Medal of Freedom
13. 2000Awarded the Library of Congress Living Legend
14. 2000Awarded the Leontief Prize for Advancing the Frontiers of Economic Thought
15. 2006Dies in Cambridge