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  • Excuse me for entering another comment. I noticed his humility again. I wonder why others, such as BUckley would never display this kind of kind , wise , softer cloth of discourse.

  • I chose the Oscar Madison approach to writing: the first draft is the final draft. minimum effort=maximum gain. hey, will someone go pick me up pack of cigs and case of beer. And while your at it, please wash my dishes, clean my filthy apartment, wipe my asz after i go do do, etc, and chauffer me around. just some wishful thinking for emo invalid, recluse and destroyed by psychiatry...btw i like the way Harry is laughing a lot, like its a day at the beech.

  • Harry, the early years! He looks like Noel Redding, Jimmy Hendrix's bass player. Love to see how people look like at different stages of the life. thank you UC Television for this 1986 video.

  • The greatest public intellectual of the 20h century.

  • @zapkvr I pray that we may have a man as noble and wise as this man in advisory position again soon. The wisdom of Soloman

  • respect you sir

  • I giant of a man in all respects, e.g humility, his height, his intellect, his humanitarianism.

    I first read his "The Affluent Society" back around 1967.

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  • Yo Harry. Is that a wolverine sleeping on your head?

  • @bapyou LOL!

  • LMAO!! the fella looks like Ronald McDonald with bad circulation!!!! :)

  • Is that guy the voice of piglet from Winnie the pooh?

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  • @miguelmouta I don't understand your comment...K

  • @kaymcclain1 I meant that I hope that the honoured degrees you did obtain , may help you in dealing with time ( ageing), and death, in this beautiful planet.. But I can turn it into math language, if you still dont understand .

  • kriesler looks cute in 1980ies :)

  • Kriesler, I just loooove what you've done with your hair.

  • WHEEEEEEEEEEEEEEEEEEEEEEEEEEEE­EEEEEE SHAYPAD SUCKS AT NHL

  • Poor Galbraith. All his life he tried so hard and got it wrong.

  • @jscottupton

    How do you mean?

    I think he would have seen Austrian economics as no different from the orthodoxy he had been writing against since the 1930s.

  • Bruce Replogle: Reminds me of an encounter with John Kenneth Galbraith at an airport baggage carousel: You wouldn't happen to write books, would you?

    I inquired.

    No, never. Wouldn't dream of it, he said. Exposes one to too much criticism.

  • Someone to be loock at when things tends to get turbulant or not very clear, some plp preach for power, some for money (as he well said) and just a couple for knowlegde and how we can benefit from it in the best way. It is a shame a great economic figure as him aint here today to comment on todays situacion.. . .

     i respect a lot his work and the way he stood for knowledge, not power or money, the real reasons of our problems.

  • Interesting perceptive on "the script" part.

  • Galbraith stands with the best of social commentators and critics of power in society. Others that I put in his class: George Orwell, Hannah Arendt, Karl Marx, Robert Fisk.

  • @jessemaurais

    Galbraith doesn't seem to be as much a "critic of power" as someone who was mesmerized by power himself. How else do you explain the man lending so much credence to Marx and Marxism which is based far less in any legitimate critique of capitalism as it is in Hegelian mysticism and radical egalitarianism aimed a state tyranny?

  • Hegel's mysticism isn't singularly his dialectical method, which is the only part which Marx adopted, and even then in a modified form. Galbraith doesn't accept every part of classical Marxism either, as he has said in print. But it's hard for anyone to reject Marx's value categories once learned, as they appeal to common sense. Galbraith certainly does not believe in state tyranny, and I don't believe Marx did either, though his work was used to that end. The char limit forbids me to elaborate.

  • I don't think that Marx understood the first thing about values, of any kind.

  • A large part of his first book on Capital dealt with it extensively. The fourth volume exclusively. I wouldn't defend everything he said, but much of it seems correct. For example:

    Commodities have value by fulfilling human needs.

    Does that not seem obvious?

  • @jessemaurais That can be interpreted in two ways: in one way it is false (commodities have value by their being able to fulfill specific needs) and in one way it is trivial (commodities have value in relation to human wants). There is a difference between "wants" and "needs", at least in non-Marxist psychology.

    What can initially seem totally commonsense and obvious can be wrong when subjected to scrutiny. Otherwise, why have a science of economics at all?

  • @Myndir Modern economists measure only aggregate demand. It doesn't matter whether the consumers are fulfilling wants (like CD's) or needs (like food). But even that's irrelevant, because Marx isn't talking about the science of economics, but how people make value judgments. If a person desires something it's apt to say that they valuate it. That values exist for people, and not on their own, is a truism he did not invent. While there's many good criticisms of Marx, I don't think this is one.

  • @ejgiv what an entirely stupid thing to say, typically from a Nobody! Have you read even one page of Marx's works? What have you published? Just obtuse one-liners?

    Before you reject so completely someone, try to rise to a level a few inches higher than a soapbox, then infuse it with research and intelligence!

  • @sensibilita spoken like a true " intellectual " snob !

  • @sensibilita fuck you illuminati follower

  • Ralph Miliband has a great critique of Galbraith in a socialist register from some year. Its free online. His critique is that the technostructure does not have as much weight as Galbraith says it does in The New Industrial State

  • excellent worker!

  • My dad was a Marxist and suggested I read a lot of books - Prof Galbraith was one of them. He also used to write for the Guardian and Observer here in the UK a lot. He did a great tv series called 'The Age of Uncertainty' and I still have the book and am about to pass it to my daughter

  • "He did a great tv series called 'The Age of Uncertainty'"

    Yes, the series is excellent. Unfortunately you could not possibly show it in even university classrooms today, since media has changed and people would nap in after 5 minutes of Galbraith's magnificent narration.

    The format does not diminish the relevance and exactitude of Galbraith's analyses an I as well highly recommend "The Age of Uncertainty" to everybody. Let's hope for a DVD release soon.

  • Brilliant Economist!

  • One of the ten greatest economists of all time. O ne of the greatest Canadians of all time. The greatest economist by book sales of all time...

  • heh heh, the white guy fro. awesome

  • I love how he e-nun-ci-ates everything.

    And the hair, oh my god!

    And there's no terrible 80s music!!

  • (chuckle) His voice reminds me a little of Harry Reasoner, from when I used to watch '60 Minutes' as a child.

  • yo, whoever took the time to vote down Elberiver11's comments to the point of -9 is a dumb faggot thanks

  • Galbraith ist ein sehr sehr kluger Mann gewesen.

    „Die Regel besagt, daß sich Finanzgeschäfte nicht für Innovationen eignen (Vgl. Galbraith 1992: 24).

  • I lvoe this JKB's ability to make the complicated seem digestiable to the lay-person (me). Just finished reading "a short history of financial euphoria" written 1990's in which he says that a the root of all economic crashes is an over burden of debt, which seems pretty true today...Thanks to UC for making this available.

  • Well that "media personality" comment was made by fellow institutionalist Paul Krugman. I do believe he has recently withdrew it however....

    So my point, whatever it was, is moot.

  • Funny how the ''false economist ''described pretty well what's happening right now 20 years ago, when he talk about the esoterisme economy mining the exoterisme economy.Your ''real economist'' Friedman (the market can manage itself alone)and Adam Smith(infinit resource) basicly created the mess in which we are living.

  • @patnais102 "The market can manage itself alone".

    A hilarious misrepresentation of monetarism that 5 minutes of research could amend. My advice is never comment on the thoughts of someone you haven't read.

  • Do you have any understanding of JKG? Galbraith worked extensively for FDR's administration during WWII and later advised JFK on economic policy.

    Not a true economist? He wrote highly influential books on economics and influenced an entire generation of economists. If you look at his works they deal heavily with economic theory.

    If we could all be like Milton Friedman... Have sweatshop owning parents who weren't successful. Then go into academics as a reactionary to defend sweatshops.

  • @leavingjesusland Milton Friedman's mother WORKED in a sweat-shop. His parents, who were poor immigrants from Eastern Europe, then went into the dry-goods trade as a result of upward social mobility under capitalism. However, if you're focusing on biographical details, you're clearly not very interested in economics as an academic subject.

  • It is interesting JK predicts the credit/debt crunch and the return of democrats riding on the wave of failed reaganomics, 20 years ago. But then he knows a thing or two about market crashes. Superb and intellegent conversation.  Better than watching TV.

  • Yes, if you're selective, Youtube is generally much better than TV.

    You can use this site to watch a video of some tool who taught his pet porcupine to pop inflated condoms, or you can use it to watch stuff like this.

  • @mashaikh52 A broken record is always right now and again and that is exactly what JKG was. Has he actually contributed anything substantive to economic science or just his pop economics in the Affluent Society?

  • @bonfirejovi u r right he is a kaynian, not a galbrathian, but dose it matter kaynes war right so was he

  • It is interesting JK predicts the credit/debt crunch and the return of democrats riding on the wave of failed reaganomics, 20 years ago. But then he knows a thing or two about market crashes

  • Nice try. Keep it up check out esteembpo + com for social media marketing. bjzxc

  • Most 'intellectual' arguments tend to consist of love letters (host ingratiates himself to John), hate letters (note the ad hominem attacks in this thread), or real contributions. Where are the real contributions? Thank god for Chomsky.

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  • bvrcrap56 (2 weeks ago) canada is a shithole. run by rich elites--on the backs of ignorant peasants.

    bvr.... you just described capitalism in a nutshell !!!

    But do not single out Canada for this thanks.

  • canada is a shithole. run by rich elites--on the backs of ignorant peasants.

  • To all our good friends south of the border, including those we rescued inTehran, have a good listen to George Carlin's Dumb Americans -- before you dump on a civilized society.

  • Gee! Do you see wath I see? I see,the big genious , and you,Garcia Lorca,wath were you doing by down by the wathermelons?

  • John Kenneth Galbraith... What an interesting guy. His activities during WW2 with the office of "Price Administration" were some of his most interesting times. His post war surveys of the effects of Strategic bombing of Germany and Japan must have been bittersweet for such a peaceful man. He was a national treasure (even if he was born in Canada).

  • Canada is just another state seriously , our culture is exactly the same as american in general aka pathetic ( don't get me wrong I'm not anti american there is a lot of great american but the mass is so docile and stupid it make me sick)

  • I don't Canadians would agree with you. Did you ever hear of Quebec? Canada is a vibrant society with legacy from John A. Macdonald, Pierre Trudeau, and Tommy Douglas.

    If it's just another state, why do you guys have universal health insurance and we in the US don't?

  • If you had taken a look at my page you would have notice that I'm a french canadian aka Québécois, I know what I'm talking about , the only thing left of the french culture in Quebec is the language and even there it's disappearing slowly( even our political elite can not speak french properly)everything else disappeared. Pierre Eliot Trudeau is a shame for any quebecer who know history.The universal health care is doomed to fail, I can elaborate point if you want, I work in it.

  • elaborate my point

  • Please explain. I take it you voted to separate in the referendum.

    Pierre Trudeau was a federalist, and the only reason I agree with him is I think it's best for Canadians and Québécois, who are still Canadians. Universal health care doomed to fail?  Maybe on Mars.

    I respect you and your opinions. And, if you are talking about the Plains of Abraham, I know about that.

    I follow the work of Denys Arcan, and agree with you the great work of Québécois does get ignored. Not by me.

  • I was not in age to vote in 96 but I would have voted No.I would have voted yes to the first referendum, separate our self from Canada from an economical point of view was a suicide.I will not elaborate on Trudeau because I think Lévesque was one of the greatest politician Canada ever had and when you believe in Lévesque you can only see Trudeau for what he was:A shame to his homeland.If you have any argument why universal health care is not doomed to fail I would be glad to discus it.

  • All I can say is most Canadians won't agree with you. I admire Lévesque as well as Jean Charest. Quebecois must always assert themselves, being an French island in an English sea.

    Canadians love their health insurance.

    It is true Quebec could exist independently. But if Quebec did go independent, watch out for Newfoundland and Labrador. They might discard the power lines from Churchill Falls simply out of pique and because they have industrial needs of their own like nickel processing.

  • Loving your health assurance doesn't change the reality on the ground.If the health furniture are not public and people don't change their life habit there is no way the universal health care can be sustained.I work in it I see the facts and I see where we are going: A wall. Health care should be non profit organization and Public is not a synonym of non profit(we see it everyday with our electricity and alcohol dealer(both public).

  • Quebec produce way more electricity it can consume.The problem is that we are selling a large part of this electricity to you U.S citizen that's why we depend on Churchill fall.Since Lévesque no politician really fought for the people of Québec. Liberal are totally federalist in fact we are doing better under the conservative reign. From a provincial point of view all our leader have been total selfish idiot since Lévesque he was the only one fighting for the people.

  • Youtube won't let me post my final answer about the reason why Quebec can not be independent from an economical point of view I've tried several time they won't let me if you want a complete answer I will send you a private message.Anyway our politic is irrelevant.You live in the modern Rome you should enjoy it.Your local politic influence the world while our is just a joke to keep the people docile.U.S is so great when you look beneath the surface and by law you (the people) have the power.

  • Galbraith was no fool. If you can't watch this without getting something out of it...

  • Damn, where the fuck did they get the hilarious geeky interviewer?

  • Pardon me if I'm wrong, but this was probably recorded in the 1970s. There were plenty of geeky/hippy/effeminate guys with bad hairdos back then. ;)

  • Stupid republicans aside, I really like how the interviewer giggles like a schoolgirl at all of Kenny's jokes.

  • HAHA! that got on my nerves too... what a tool

  • i really am done this time, iskarin.

    i'm not dignifying anymore of you're comments with responses, i really don't have the time or patients.

    have fun brainwashing all the little kids on youtube who don't know any better :)

  • It's "patience," not "patients," silly person.

    Perhaps that's a carryover from when you were one at an institution.

  • Bet you're not. And I know the difference between "You're" and Your." You will crawl under your rock with your paunchtop and see this response and you won't be able to resist "dignifying" me.

    Love the way you think i is equivalent to l. There are 26 letters in the English alphabet. Use them, you fucking idiot.

  • He was a Canadian from Ontario, had a good series on PBS Called The Age Of Uncertainty.

    Comfort the inflicted and inflict the comfortable

  • I agree. In the late 70s, he and Milton Friedman had two series on PBS that gave alternate views on economics, and I thought it was edifying. Television at its best. As educational. William Buckley's Firing Line was also excellent because he engaged powerful alternative views.

    The engineering professor, Norbert Wiener, made a defining hit on commercial television when he called it a "national medicine show."

    But there are gems. Look at "Beakman's World."

  • A modest correction:

    "Comfort the afflicted and afflict the comfortable."

  • get the fuck out of america, fuckin loser

    people like you are why the rest of the world hates americans,

  • No -- it's policies like those of Geroge W. Bush that has made much of the difference.

    Hope you have a shitty next 8 years.

  • lol, bush is NOT A REPUBLICAN u idiot

    do you know what a republican is???

    do you know what capitalism and conservatism is????

    do you have any idea what happened during bushes presidency?

  • Republicans, those were the people that ignored the AIDS crisis and sent our country into massive deficits, twice, right? Those people that embraced a failed philosophy that is gone forever? I remember those people. Weird guys, bad dressers too.

  • iskarin is officially a dumbshit

    a.) he is a supporter of the oligarchical/socialist ideology of keynesian economics

    b.) he blames America for Hitler's rise to power and subsequent murder and mass genocide

    c.) lol, this dumb shit socialist teaches at "IVY TECH," which is almost as embarrassing as going to school there-yet he compares himself to Einstein

  • You don't know oligarchy and socialism are opposites? What's wrong with you? No dictionary or historical reference?

  • lol, wow. just wow...

    here, i found something for you

    since you're a dumbass who doesn't know how to read, watch this youtube video: "Roosevelt or Keynes"

    now, this guy is actually BEING NICE and exercising restrain when he discusses keynesian economics

  • lol... wow. i didn't say they were opposites, dumbshit

    were you in any of those "special" classes when you were a kid?

  • and what is even more frightening is that you taught for 30 years (in a prison, hopefully)

    punitive? no. sorry. we made THEM pay for damage THEY caused in THEY'RE decision to go to war. THEY tried to take over the continent and THEIR attempt/failure is THEIR own fault, not ours.

  • lol.... i meant *their* decision to go to war

  • You shouldn't worry.  No one expects literacy from an uneducated lout.

  • Show me one place I said I taught at Ivy Tech.

    Indiana ought to be ashamed of you.

  • but the problem is you're own vanity-that is, the human tendency for someone to PRETEND to know what they are talking about only in front of people who know less about it than them

    this is what allows these corrupt bastards to waltz right into office

    the majority of the american public is so fucking ignorant that elections are now simply "lying contests"

  • With people like Summers and Volcker in the Obama administration, you can expect econometric models that will be modified if they don't work to improve the economy. While Summers may say stupid things about women in science, in Summers and Volcker you have two pragmatists who will be ideological in trying to make the economy better.

  • haha... listen here little buddy, we are all VERY familiar with the kind of people obama is surrounding himself with.

    that being said... um... what are you talking about? what point are you trying to make???

    ?

  • My goodness! There you go again, talking to your own penis, "little buddy."

    As one who helped edit nuclear weapons manuals so even morons like you wouldn't set them off accidently, don't TALK TO ME ABOUT NUCLEAR WEAPONS. (CAPS LOCK, in the hands of you, is a terrible thing.  However, I know what your hand is doing, so I should not be concerned.)

    Happy you should be be because "ur" IQ couldn't drop any further.

  • once again, iskarin

    "He who imposes his argument by bravado and command shows that it is weak in reason."

    now, if you're going to side step the argument (like virtually all idiot liberals do) in order to avoid defeat (not in reality but in their own minds) then i'm done with you and you can go argue with a wall for all i care...

    but if you would like to stay focused here, i would be more than happy to explain the corruption i was referring to in my earlier post :)

    lemme know

  • I have a masters in electrical engineering. Sounds better than your certificate in hairdressing.

  • lol, congratulations... i hope it wasn't too difficult for you over there at IVY TECH

    honestly, that DOES actually earn you some brownie points in my book.  i am glad to see that you might be producing more than you are consuming (a rare trait amongst liberals)

    dude, you're an ENGINEER--NOT A HISTORIAN--AND NOT AN ECONOMIST.

    i'm sorry but some people just don't know that much about the grand scheme of things--its not uncommon and its not like it makes you any less of a man...

  • Ivy Tech is a Community College like the one I taught at for 30 years. No Masters there.

    Einstein was a patent clerk -- therefore he couldn't possibly do physics. And many Wall Street folk are engineers and scientists because they know mathematics and the libertal arts people spent most of their time avoiding math in their college careers.

    Check out The Economist (a conservative magazine) pointing out how prescient Galbraith was and listing his works.

  • lol, you are the very product of the brainwash i was referring to...

    they teach you WHAT to think... not HOW to think. which is why, if you weren't enrolled in a decent school, you have NOT set your opinions based on the foundation of a good education, you've instead adopted another's opinion before you were intellectually mature enough to understand it.

    i.e. YOUR "education" is comprised solely of YOUR decision to "intellectualize" some other opinion so you can feel like a big boy

  • are you dumb? do you even know what sparked the progressive movement or even the idealism or reason behind it? are you even aware of the inversion of the republican and democratic parties that the progressive movement caused?

    ok, now go wiki it or something and conjure up some bullshit answer (that will STILL probably be wrong cur ur an idiot and a fraud) so i can correct your thinking before you spread any more of your bullshit liberal rhetoric and misinformation

  • Bankruptcy has nothing to do with it. People working now pay for those retired. You act as if SS were a bank. It is not.

    Love your sentence that Keynesiam is a way for government (which you obviously hate) is a way to expand power. It is not obvious. Keynes' policies helped to get the world out of a depression. WW2 did the rest.

    You might note that Japan's travails had a lot to do with balancing their budget in the early nineties when fiscal deficits were called for. Try Krugman.

  • HAHHAHAHAHahahaha... "WW2 did the rest"

    you're silly

    ...and delusional

    (typical liberals. desperately trying to find roots where there are none)

  • Keyensian economics simply have not stood up. They lead to economic hardship, tyranny by the state and eventually serfdom. Elitists like Galbraith make their ideas sound so matter of fact and logical but in reality they have simply caused more hardship than they have caused. If given the choice I trust freedom over government.

  • Hey -- yet another "conservative" automaton.

    Even Nixon economists were Keyensians.

    Blow it out your butt.

  • I guess if Nixon liked the idea then that proves that socialism is the way to go! Some people embrace principles not party politics and history showed that Nixon erred when he attempted Keyensian price controls.

  • Ask what your fellow citizens think of Social Security.

    Freedom and governemt? Do you know what a false dichotomy is? Maybe you better look it up. Assuming you can read or find a reference.

  • The Social Security trust fund is a bunch of IOUs. It's bankrupt. If you can read or find a reference then look up David M. Walker. And look up Japan too.

    Inflationary montary policy leads to bubbles. Government spending crowds out private investment and diverts future employment for the sake of waste production. Keyensianism is a way for government to expand its power and that's obvious.

    Maybe you're too busy digging holes and filling them back in again to understand your position?

  • lol... yes, we all know about mr. keynes.

    u know what else would be funny to throw in iskarin's face? you should remind him of how keynes wanted his "General Theory of Employment..." to be published in Germany during Nazi rule because he felt the Nazis would receive it better than anywhere else.

  • In the 20s, Keynes wrote The Economic Consequences of the Peace, where he pointed out what a mistake being punitive toward the Germans in terms of war reparations. Happily, the Allies did not make the same mistake after WW2. The Treaty of Versailles gave us the Nazis; the Marshall Plan and benevolent occupation of Japan gave us two peaceful and prosperous countries.

    Listen to Tom Lehrer's MLF Lullaby: "We taught them a lesson in 1918; and they've hardly bothered us since then."

  • lol, you're insane...

    so by your piece of shit socialist rationale, it is actually AMERICAS fault for the germans murder and mass genocide, is that it? you're a piece of shit, and yes that is EXACTLY what you mean to say.

    um... marshal plan? occupation? gee wiz, that's funny--i always thought it was the TWO FUCKIN BIG ASS NUCLEAR BOMBS WE DROPPED ON THEM. hmm. silly me.

    nobody listen to this guy. ur IQ will drop after each sentence

    sir, the fact that you are over 40 is frightening

  • uh, wasn't Galbraith a Keynesian economist?

    yes, his ideas were definitely FAR from perfect, and though objectivity is a valuable trait... (not sure he had any) ...ANYONE who both, associates themselves with Keynesian economic theory, AND served under FDR, is a piece of shit in my book...

    the problem is, most institutions brainwash students not to realize that the whole progressive movement-though its intentions were noble-has in fact been corrupt since the beginning of wilson's presidency

  • Define "corrupt." I've just got onto this moronic morass of nonsense and I'd like to hear from you.

  • excuse me? um, its called... open a history book and um... well... READ!

    "He who imposes his argument by bravado and command shows that it is weak in reason."

    -Montaigne

  • Right. A right wing a_hole quoting a Frog.

    Tell me which French you hate and which you like. The French have acquitted themselves very well. Sadi Carnot, for one, is a person who cut to the chase with heat and work. Indeed the Age of Reason began with them. But you would not know about that.

  • Galbraith is sexy.

  • awesome! Galbraith's wisdom would be of much help in the present crisis! He and his ideas were not perfect of course but the willingness to acknowledge faults and mistakes was what made Galbraith great.

  • Would Galbraith really be any help?  I mean his work in economics really hasn't stood up when critiqued by modern economists.

  • yep

  • critiqued by modern economists that led us into world wide disaster?

  • Harry is a secular Ned Flanders, without the diddley-doodley etc stuff.

  • hahaha

  • ur a genius

  • Harry Kreisler looks younger with fascinating haircut .

  • haha i liked how to you described his haircut as "fascinating"...

  • Galbraith had a scintillating mind that was reflected in his writings also. His conservatively tidy style that one no more encounters nowadays with liberal doses of wit made him one of the most readable writers.

  • A wise and entertaining raconteur.

  • what year is this?

  • The date is 3/27/1986, apparently

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