RIP JKG

(Posted by John.)

John Kenneth Galbraith, one of the greats, is dead:

John Kenneth Galbraith, 97, an economist, author, professor, presidential counselor and U.S. ambassador to India, who used caustic wit and an iconoclastic temperament to help set the foundation of modern economic thinking, died April 29 at Mount Auburn Hospital in Cambridge, Mass. The exact cause of death was not reported.

Dr. Galbraith spent more than 25 years on the Harvard University faculty and also advised Democratic presidents and candidates from Franklin D. Roosevelt to Bill Clinton. Socially, he may have been without peer in his field; he was said to have been one of the few, if not the only, economists invited to Truman Capote's 1966 Black and White Ball in New York....

On national political commentary and journalistic punditry, Dr. Galbraith observed: "Nearly all of our political comment originates in Washington. Washington politicians, after talking things over with each other, relay misinformation to Washington journalists who, after further intramural discussion, print it where it is thoughtfully read by the same politicians. It is the only completely closed system for the recycling of garbage that has yet been devised."

One of Canada's better exports.

"The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness."