A Journey Through Economic Time: A Firsthand View by John Kenneth Galbraith

By John Kenneth Galbraith

A well known economist offers an available, far-reaching heritage of the century's economics from global struggle I and the Russian Revolution, throughout the melancholy and Keynesian concept, to colonialism's cave in and the increase of the 3rd global.

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Includes bibliographical references and index. 09'04dc20 94-4816 CIP Printed in the United States of America Book design by Robert Overholtzer AGM 10 9 8 7 6 5 4 3 2 1 Page v For Catherine Galbraith Denholm with love as ever Page vii My Thanks Those who publish books on their experience in public life have often a rather delicate task to perform. That is to offer their thanks in a suitably subtle way to the individual who actually wrote the book, while somehow minimizing this considerable delegation.

It is not the professional tendency of the economist to minimize the role of economics and economic decision. However, where war is concerned, there is the larger effect of politics and anthropology. Page 21 In the years following the Great War, economic disorientation and disorder had their undoubted role. In Russia, Germany, Austria-Hungary and other of the Eastern European lands, the trauma of defeat was combined with the destruction of an old and established political structure. Open was the question as to what would take its place.

3. Ibid. Page 15 The Austro-Hungarian Empire, an incoherent assemblage of ethnic, religious and language groupings created by territorial acquisition, had long been verging on dissolution. Under the aged leadership of Franz Josefhe was now in his mid-eightiesit was, with Russia, the most fragile manifestation of the old order. Vienna, a center, like Paris, renowned for the sophistication of its cultural and intellectual life, did not extend this distinction either to the armed forces or to the state.

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