[1] From 1981 to 1982, Galbraith served on the staff of the Congress of the United States, eventually as Executive Director of the Joint Economic Committee.

[1] Galbraith is a professor at the Lyndon B. Johnson School of Public Affairs and at the Department of Government, University of Texas at Austin.

[2] UTIP is also noted for replacing the established Gini coefficient with the Theil index as the measurement of choice for comparing inequality between groups, regions and countries.

[2] In March 2008, Galbraith used the 25th Annual Milton Friedman Distinguished Lecture to launch a sweeping attack on the Washington Consensus on free market policies, especially the monetarist version.

Towards the end of 2008 and into 2009, many policymakers around the world increased government spending and/or cut taxes, arguably in line with Galbraith's views, as part of the Keynesian resurgence described by the Financial Times as "a stunning reversal of the orthodoxy of the past several decades".

He is the author of two textbooks – The Economic Problem (with Robert L. Heilbroner) and Macroeconomics (with William Darity Jr.) He also contributes a column to The Texas Observer and writes regularly for The Nation, The American Prospect, Mother Jones, and The Progressive.

He said:Today, the signature of modern American capitalism is neither benign competition, nor class struggle, nor an inclusive middle-class utopia.

Conversely, Germany and Japan recovered well from World War II, in part because they were spared reparations and did not have to waste national treasure on defense in the aftermath of defeat...

As a general rule — as one might expect from a gentleman's club — this has placed them on the wrong side of every important policy issue, and not just recently but for decades.