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The Legacy of John Kenneth Galbraith

be no subject, however large or small, that a Harvard faculty member cannot treat fairly briefly. This article will attempt to sum up the economic legacy of Professor Galbraith, but because brevity is required, it may not do the professor full justice. At the height of the Keynesian Golden Age, Paul Samuelson famously remarked that economistsexcept for a few on the right and the leftagreed about what economics was and what it was intended to do. Friedrich von Hayek, from the fastness of Mont Pelerin, even then disagreed with Samuelson, Milton Friedman from the Gothic corners of Hyde Park disagreed, and Paul Sweezy from the pages of the Monthly Review (for quite different reasons) disagreed with this idea that economics enjoyed what amounted to a medieval Catholic unity,