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For this essay, to honor Professor Kolodko, I take up the case of an older pragmatist whose circumstances and achievements I knew well – that of my father, John Kenneth Galbraith. While I cannot do full justice in this space to the life and work of 97 years, what I hope to show is how the application of my father’s background and experience in a world of mundane knowledge and urgent problems led to his development of a compelling critique of classical and neoclassical economics, and to his presentation of a world-view that stood, for a time, as the leading vision of industrial capitalism in the modern age. That this vision was swept aside, and largely dismissed or ignored, by the professional academic economists is, under the circumstances, merely a continuing testimony to its merit, and to the threat it poses to a comfortable, but wholly impractical, world-view.

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  • Impact Factor (2019): 0.914
  • Economics and Econometrics SJR Quartile Score (2019): Q2
  • Scimago Journal Rank (2018): 0.311
  • SJR Hirsch-Index (2018): 11

Language: English

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Publication Programme: 2020. Vol. 70.
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Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

      Török, Ádám (Chairman)
      Berlinger, Edina
      Halmai, Péter
      Kézdi, Gábor
      Kónya, István
      Köllő, János
      Magas, István

Advisory Board

      Ǻslund, Anders
      Kolodko, Grzegorz
      Mau, Vladimir
      Messerlin, Patrick A
      Nuti, Mario Domenico
      Wagener, Hans-Jürgen

Corvinus University of Budapest
Department of Macroeconomics
Fővám tér 8, Budapest, H-1093, Hungary