Monday, May 01, 2006

So Galbraith is dead, let his politics die too

And finally, at the age of 97, John Kenneth Galbraith has finally died. A Keynesian and staunch liberal, he supported another type of trickle-down economics - despite his objections to the usual type. Keynesian economics supports privilege in the forms of public works that are absorbed by a minority, in the excuse that the economic activity would benefit everybody.