[New Book] John Galbraith's The Age of Uncertainty

[Financial News] Why do the theories that once guided the economy lose their power when confronted with reality? The new book John Galbraith's The Age of Uncertainty is a classic that examines 200 years of economic thought since the Industrial Revolution alongside politics and history. First presented alongside a 1977 British Broadcasting Corporation (BBC) broadcast of the same title, the book has been published in a translation by Kyung-Sik Lee.
Economist John Kenneth Galbraith examines the relationship between markets and the state through the competing ideas of Adam Smith, Karl Marx, John Maynard Keynes and Milton Friedman. He traces how economic theories evolved alongside institutions and power amid the Great Depression, wars, colonialism and the rise of giant corporations.
The book goes beyond inequality and poverty to address democracy and leadership. Rather than treating a single theory as the definitive answer, it asks who benefits from policy decisions and who bears the costs. Anecdotes about historical figures and photographic materials help readers understand the subject.

[email protected] Jang In-seo Reporter